Marissa Mayer will close her old AI startup, sell assets to her new AI startup
7 hours ago
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- Marissa Meyer is shutting down her consumer software startup Sunshine and selling its assets to her new AI startup, Dazzle.
- Dazzle aims to build an AI personal assistant, and all Sunshine employees will transition to the new company.
- Most of Sunshine's investors, including Norwest Venture Partners, Felicis Partners, and SV Angel, have approved the deal.
- Sunshine, founded in 2018, initially launched a contact management app called 'Sunshine Contacts,' which struggled due to privacy concerns.
- In 2024, Sunshine added event management and photo-sharing features with AI integration but saw minimal success, with only 1,000+ downloads on Google Play.
- The company raised $20 million in 2020 and was largely self-funded according to Meyer.