OpenAI has acquired video-first remote collaboration platform Multi, previously known as Remotion.
Financial specifics and other terms of the transaction remain undisclosed.
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A source familiar with the development told TechCrunch that the deal will see most of Multi’s team, comprising around five members, join OpenAI after the transaction is completed.
Multi’s CEO and co-founder, Alexander Embiricos, has announced that the platform will be shut down after 24 July 2024.
In a blog post, Embiricos said: “Unfortunately, this means we are sunsetting Multi. We have closed new team signups, and currently active teams will be able to use the app until 24 July 2024, after which we will delete all user data. If you need help or more time finding a replacement, email alexander@multi.app. We are happy to suggest alternatives depending on what exactly you loved about Multi, and we can also grant extensions on a case-by-case basis.
“Thank you to everybody who used Multi. It was a privilege building with you, and we learnt a ton from you. We will miss your feedback and bug reports, but we can’t wait to show you what we’re up to next.”
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By GlobalDataMulti was founded in 2019 by ex-Dropbox product manager Alexander Embiricos and ex-Google software engineer Charley Ho.
The video-first collaboration platform, which is aimed at enterprise users, allows up to ten users to communicate via screen sharing and featured customisable shortcuts.
The startup had undergone a rebranding from ‘Remotion’ to ‘Multi’ in July 2023, a move that the company said completed a product shift announced earlier that year.
The shift was based on user feedback and involved iterating on new features while removing some old ones.
Before its acquisition by OpenAI, Multi had raised $13m in funding from venture capital firms including Greylock and First Round Capital.
The acquisition of Multi comes shortly after OpenAI’s purchase of enterprise analytics company Rockset, indicating a strategic focus on enhancing enterprise solutions.
