TechCrunch Startup News OpenAI acquiring the team behind Convogo; also, Data security startup Cyera hits $9B valuation 6 months
Jan 9, 2026
OpenAI's latest move includes acquiring the team behind the AI-driven coaching tool, Convogo, strengthening its portfolio in AI cloud. The founders believe that specialized AI experiences lead to real results. Meanwhile, Cyera has made headlines by raising $400 million, skyrocketing its valuation to $9 billion in just six months. Their focus on data security posture management shows that there's a growing demand for AI-powered solutions in this sector.
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Hackathon Birth To OpenAI Hire
- Convogo began as a weekend hackathon inspired by a founder's mother's question about automating report writing.
- The three co-founders joined OpenAI in an all-stock deal while Convogo's product was wound down.
Team Hires Over IP Purchases
- OpenAI hired the Convogo team but did not buy Convogo's IP or technology per the spokesperson.
- The founders said bridging model capability to real-world outcomes requires thoughtful, purpose-built experiences.
M&A As Talent Accelerator
- OpenAI has made nine acquisitions within about a year, often using M&A to accelerate talent and capability.
- Many acquired products were folded into OpenAI or shut down as teams joined the company.