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io

ACQUIRED
Hardware vendorStartup
io Productsio (Jony Ive)

An American AI-hardware startup co-founded by Jony Ive (2024), building a new category of AI device (a 'third core device'); acquired by OpenAI in 2025 for about $6.5B.

Founded2024United States
01 · About

io

Founded 2024 · United States

io (io Products, Inc.) is an American AI-hardware startup co-founded in 2024 by Jony Ive (Apple's former design chief) together with Scott Cannon, Evans Hankey and Tang Tan. The company was created in partnership with Sam Altman (OpenAI) and worked on a new category of consumer AI device - described as a 'third core device' alongside the computer and phone. io is closely tied to Jony Ive's design studio LoveFrom, which leads the venture's design. The specific product remains in development and its details have not been publicly disclosed. In May 2025, OpenAI announced the acquisition of io in an all-equity transaction worth about $6.5B (finalized in July 2025), making io OpenAI's hardware arm. Jony Ive and LoveFrom remain independent while taking on broad design and creative responsibilities across OpenAI.

  • Jony Ive

    Co-founder

    Legendary designer, former Apple design chief; founder of the LoveFrom studio and co-founder of io.

  • Scott Cannon

    Co-founder

    Co-founder of io.

  • Evans Hankey

    Co-founder

    Co-founder of io; formerly VP of Industrial Design at Apple.

  • Tang Tan

    Co-founder

    Co-founder of io; formerly a product-design executive (iPhone, etc.) at Apple.

02 · What they do

Domain of activity

1 areas · 1 industries
What they do1Areas
  • AI hardware
Who for1Industries
  • Software & Technology
03 · Geography

Global presence

1 regions
USA
04 · Metrics

Scale & funding

founded 2024
2024founded
earlydevelopment stage
Privatenot listed
acquiredstatus
06 · Relations

Organizational relations

1 strategic relations

Strategic relations

1
  • Acquired by
    OpenAIOpenAI announced the acquisition of io on May 21, 2025 for about $6.5B (all-equity); finalized in July 2025. Jony Ive and LoveFrom remain independent, taking on broad design responsibilities across OpenAI.
    2025 →
07 · Classification

Profile & metadata

4 classification

Classification

  • Statusacquired
  • Development stageearly
  • Listed onNoprivate
  • Organization typeHardware vendor+ Startup