Phoebe Gates secures $30 million for AI startup Phia

Phoebe Gates, daughter of Bill and Melinda French Gates, has secured $30 million in funding for her AI startup, Phia, in a remarkably fast funding round. Valued at $180 million, Phia is an AI shopping assistant designed to simplify online shopping by comparing prices and tracking discounts. The company, co-founded with Sophia Kianni, has attracted high-profile investors including Hailey Bieber, Kris Jenner, and Sheryl Sandberg, as well as venture capital firms like Notable Capital, Khosla Ventures, and Kleiner Perkins.

Initially conceived as a “smart tampon” during their time at Stanford, Phia evolved into a browser extension with over 750,000 downloads in eight months. It operates within the growing AI agent market, aiming to automate digital tasks and reduce online shopping clutter. Gates is actively working to establish her own identity and promote inclusive leadership in the tech space, despite being labeled a “nepo baby.”

Bill Gates intends to leave his children a small inheritance, encouraging them to build their own success. Phia’s rapid growth and impressive backing position it as a promising startup with the potential to redefine the online shopping experience, and it represents a significant step for Phoebe Gates in forging her own path independent of her family’s legacy.

(Source：Latest News In Cyprus)