Humane

Humane

Develops wearable AI devices for consumers

About Humane

Simplify's Rating
Why Humane is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

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.

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Funded Recently
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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

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

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

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

9%
V3 Media
Feb 24th, 2025
HP Inks Humane Deal To Acquire Cosmos AI OS, Other Assets

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.

CRN
Feb 19th, 2025
HP Acquires Humane's Cosmos AI for $116M

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.

Mobile World Live
Feb 19th, 2025
HP pins down Humane in $116M deal

Humane launched a wearable AI pin in late-2023, with claims the small wearable had the potential to eventually replace smartphones.

Bnext
Feb 19th, 2025
Humane Acquired by HP for $3.5B

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.

Neowin
Feb 19th, 2025
Sad news for fans: The Ai Pin is going away as HP acquires Humane

HP will be acquiring Humane for $116 million.

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