Phoebe Gates, the 21-year-old daughter of Microsoft co-founder Bill Gates, is making strides in the AI market with her innovative shopping startup, Phia. Recently, she raised $30 million, boosting the company’s valuation to $180 million less than a year after its launch. Interestingly, Bill Gates has not financially backed Phia but has actively participated, taking on customer support roles to mentor his daughter. Co-founded with Sophia Kianni in a Stanford dorm, Phia aims to simplify online shopping chaos through an AI-powered browser extension and mobile app that identifies the best prices, second-hand options, and sustainable products. In just eight months, the app has amassed over 750,000 downloads, signaling rapid growth. Phia has attracted prominent investors including Hailey Bieber and Sheryl Sandberg. With plans to enhance AI features and sustainability, Phia is poised for significant expansion in the evolving fashion-tech landscape, showcasing Phoebe’s unique entrepreneurial journey.
Source link
