Ollie, a privacy‑focused AI assistant, will shut down on November 6

Ollie, a startup that built a text‑based AI personal assistant with strong privacy safeguards, announced it will cease operations a week after the statement. Co‑founder and CEO Bill Lennon said the company could not keep pace with competitors such as Muse and Instinct and could not secure the capital needed to grow. Ollie had raised $7.5 million in seed funding led by Khosla Ventures and was one of the first mainstream AI apps to achieve SOC 2 compliance. Users will receive instructions for exporting data and refunds in the coming days.