Meta acquires Limitless, an AI wearables startup backed by Sam Altman, to expand hardware ambitions

Reviewed byNidhi Govil

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Meta has acquired Limitless, the AI device startup behind a $99 pendant that records conversations and transcribes them using AI. The company, which raised $33 million from Sam Altman and Andreessen Horowitz, will stop selling its hardware devices but support existing customers for a year. The move signals Meta's push beyond smart glasses into broader AI wearables as competition intensifies in the AI hardware market.

Meta Acquisition Brings Limitless Into Growing Wearables Portfolio

Meta has completed its acquisition of Limitless, the AI device startup formerly known as Rewind, marking a strategic expansion beyond its current focus on AI smart glasses and VR headsets

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. The deal, announced Friday through a YouTube video and blog post, brings the Denver-based company's expertise in AI wearables directly into Meta's hardware ecosystem

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. Financial terms were not disclosed, though Limitless had raised $33 million from prominent investors including Andreessen Horowitz, NEA, First Round Capital, and OpenAI CEO Sam Altman

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Founded in 2020 by Dan Siroker, co-founder and former CEO of Optimizely, and Brett Bejcek, Limitless initially launched Rewind software that recorded desktop activity and transformed it into a searchable database

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. The company pivoted to consumer hardware last year with its AI-powered pendant, a compact wearable measuring 1.25 inches wide that sold for $99

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. The Pendant records conversations through beamforming microphone technology, which filters background noise to capture clearer audio from specific directions, then uses AI to transcribe and extract key details from those recordings

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Source: Engadget

Source: Engadget

Personal Superintelligence Vision Drives Strategic Alignment

In his announcement, Siroker emphasized the shared vision between Meta and Limitless to bring personal superintelligence to everyone through AI-enabled wearables. "When we started Limitless five years ago, the world was very different," Siroker wrote. "We're no longer working on a weird fringe idea. We're building a future that now seems inevitable. We're not alone" . This alignment comes as Meta restructured its AI initiatives into four departments focused on hardware products, infrastructure, long-term research, and superintelligence—a form of AI more capable than humans .

The acquisition positions Meta to compete more aggressively in the AI hardware market, where Silicon Valley giants are racing to control the emerging ecosystem. Amazon acquired AI wearable company Bee in July 2025, which created a $50 AI-integrated bracelet, while Google parent Alphabet pursues AI smart glasses through a partnership with Warby Parker . Meta's Reality Labs division, which recently hired Alan Dye, former head of Apple's user interface design team, will likely integrate Limitless's technology into its existing wearable technology lineup that includes Ray-Ban Meta and Oakley Meta glasses developed with EssilorLuxottica

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Source: Analytics Insight

Source: Analytics Insight

Limitless Winds Down Hardware Sales, Supports Existing Users

Following the Meta acquisition, Limitless will immediately stop selling new Pendant devices and sunset its Rewind software, which allowed users to search through recorded desktop activity via a chatbot interface . However, the company committed to supporting existing customers for at least another year, automatically upgrading all current users to the Unlimited Plan without subscription fees

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. The Pendant's battery, which required charging only every 100 hours, came housed in a waterproof case with USB-C charging capabilities

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Users who prefer not to continue with the service can export or delete their data through the app, though accessing continued features requires agreeing to updated privacy policies

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. Privacy concerns have shadowed AI wearables that continuously record audio, similar to backlash faced by Friend, another AI pendant maker that drew criticism for promoting its device as a replacement for real-life companionship

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Competition Intensifies as Tech Giants Target Wearable Audio Devices

Siroker hinted that increased competition from larger players like OpenAI and Meta developing their own hardware devices made it challenging for Limitless to compete independently in the AI hardware market . AI wearables focused on audio transcription have emerged as a common form factor because they leverage what AI models do moderately well: converting speech to text and summarizing it

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. Meta's expansion makes strategic sense, as not everyone will want to wear glasses to access an AI assistant's benefits.

During Meta's October earnings call, Mark Zuckerberg outlined ambitious plans for the company's wearables strategy: "Our general view is that we want to build these out to reach many hundreds of millions or billions of people. That's the point at which we think that this is going to just be an extremely profitable business" . Zuckerberg claimed in July that those without AI-integrated glasses will face a "significant cognitive disadvantage" in the future . OpenAI is collaborating with former Apple designer Jony Ive on a wearables project expected within two years that promises "peace and calm" amid digital chaos, according to Sam Altman .

Source: Market Screener

Source: Market Screener

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