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Ollie sets November 6 shutdown for privacy-focused AI assistant
Co-founder and CEO Bill Lennon cited growing competition and greater difficulty raising capital. Customers will get data-export and refund instructions.
Privacy-focused AI startup Ollie plans to close its personal assistant app on November 6, co-founder and CEO Bill Lennon said in an October 30 announcement on X.
Lennon said Ollie had been unable to keep up as competitors including Muse and Instinct entered the field. Their arrival made differentiating the business, expanding it and raising the capital needed to succeed more difficult, he said.
Customers will receive guidance on exporting their information and getting refunds, according to Lennon.
Ollie charged a subscription for an assistant aimed at helping families organize daily life. Users could connect email and calendars, arrange appointments, plan meals and pay bills. Household budgeting was also among the company's planned additions.
Khosla Ventures led the startup's $7.5 million seed round, which Ollie discussed in September. The app had achieved SOC 2, a privacy compliance standard obtained through an independent audit.