NEW YORK / LONDON (IT BOLTWISE) – Phoebe Gates, the youngest daughter of Bill Gates, has closed an impressive financing round with her AI startup Phia. The company, which specializes in optimizing online shopping, attracts celebrity investors such as Hailey Bieber and Kris Jenner.
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Phoebe Gates, the youngest daughter of Bill Gates, has closed a remarkable round of financing with her AI startup Phia. The company, which she co-founded with her Stanford classmate Sophia Kianni, has raised $30 million. This investment catapults Phia into one of the most watched companies in the artificial intelligence space.
Phia aims to solve the challenges of online shopping by developing an AI-powered search engine that integrates with browsers such as Chrome and Safari. It allows users to search products, compare prices and track real-time discounts across different retailers and resale platforms. This innovative solution has already achieved 750,000 downloads in the first eight months.
Phia’s investor list reads like a who’s who of celebrities and Silicon Valley bigwigs. Supporters include Hailey Bieber, Kris Jenner, Sheryl Sandberg and Sara Blakely. Interestingly, Bill Gates himself has not invested in the company, although he publicly supports Phia’s mission.
The new round of funding is led by Notable Capital led by Hans Tung, who has previously invested in companies such as Anthropic and Airbnb. Kleiner Perkins and Khosla Ventures also participated in the round. This prominent support underlines the trust in Phia’s vision to revolutionize online shopping through artificial intelligence.
For Phoebe Gates, Phia is not only an entrepreneurial adventure, but also an opportunity to emancipate herself from her famous father. Despite her concerns about her “nepo-baby” status, she has managed to build a company that is turning heads in both the tech and celebrity worlds.
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