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About Humane
Industries
Consumer Software
AI & Machine Learning
Consumer Goods
Company Size
201-500
Company Stage
Acquired
Total Funding
$223.7M
Headquarters
San Francisco, California
Founded
2017
Overview
Humane develops wearable AI devices aimed at enhancing daily life for tech-savvy consumers. Their main product, the Ai Pin Complete System, includes various components like a Charge Case, Charge Pad, USB C Adapter, Cable, and Battery Boosters, all designed to help users interact with their environment more effectively. The Ai Pin allows users to integrate AI into their routines, supporting their wellness goals through advanced technology. Unlike many competitors, Humane focuses specifically on the intersection of AI and wearable technology, offering unique features that cater to user wellness. The company sells the Ai Pin for $699 and offers a subscription plan for ongoing services, which helps maintain a steady revenue stream. Additionally, Humane collects data from its devices to enhance user experiences and create personalized services, which can also be monetized through partnerships.
Simplify's Take
What believers are saying
- Increased interest in AI wearables suggests a growing market for innovative devices.
- HP's acquisition highlights the value and potential of AI-driven consumer electronics.
- The $100 million Series C funding round shows investor confidence in Humane's vision.
What critics are saying
- Discontinuation of the Ai Pin may lead to loss of consumer trust and loyalty.
- Overheating issues with the Ai Pin could damage the company's reputation.
- Transition of key staff to HP may affect Humane's ability to innovate independently.
What makes Humane unique
- Humane focuses on integrating AI into wearable technology for enhanced daily interactions.
- The Ai Pin Complete System offers a comprehensive user experience with multiple components.
- Humane targets tech-savvy consumers seeking wellness and efficiency through advanced technology.
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Funding
Total Funding
$223.7M
Above
Industry Average
Funded Over
4 Rounds
Tiger Global
SoftBankBenefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Sabbatical Leave
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Commuter Benefits
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↑ 9%HP Inc. plans to buy software and intellectual property assets from artificial intelligence consumer electronics company Humane for $116 million in a deal set to close at the end of this month.
HP plans to acquire software and IP assets from Humane for $116 million, including the AI-powered Cosmos platform and over 300 patents. The deal will enhance HP's AI capabilities and transform it into an experience-led company. Humane's co-founders and key staff will join HP, forming an AI innovation lab. The Humane Ai Pin is not part of the deal and will be discontinued. Humane raised $100 million in a Series C round in 2023.
Humane launched a wearable AI pin in late-2023, with claims the small wearable had the potential to eventually replace smartphones.
Humane, once a rising star, has been acquired by HP for $3.5 billion. The news was shared by Meet, a platform promoting entrepreneurial connections since 2011 through interviews, monthly gatherings, and industry salons.
HP will be acquiring Humane for $116 million.
Humane is Hiring for 18 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Humane
Industries
Consumer Software
AI & Machine Learning
Consumer Goods
Company Size
201-500
Company Stage
Acquired
Total Funding
$223.7M
Headquarters
San Francisco, California
Founded
2017
Humane is Hiring for 18 Jobs on Simplify!
Find jobs on Simplify and start your career today