CEO Imran ChaudhriFounded 2018HQ San Francisco, US
Humane is a consumer electronics company that developed the AI Pin, a wearable AI device for screenless interactions. It was founded in 2018 in San Francisco and later sold to HP in 2025.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$116M
Acquisition, Feb 2025, Perplexity
UpMarket Estimate
$116M
Based on UpMarket valuation model
Previous Price
$1.1B
Series C Mar 2024
How to Invest in Humane Through UpMarket
Humane shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Humane offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Feb 2025
Acquisition
$116M
Mar 2024
Series C
$1.1B
2021
Series B
2020
Series A
Humane Revenue and Growth
Annual revenue
Why Investors Are Watching Humane
Growth Signal
Humane raised $100M in Series C to scale AI devices
Humane announced a $100 million Series C in March 2023 to accelerate its mission in AI-era personal computing. The round included Microsoft, LG Technology Ventures, Volvo Cars Tech Fund, Tiger Global, Qualcomm Ventures, and Sam Altman.
Competitive Moat
High-profile backers signal strategic support and reach
Humane's 2021 Series B was led by Tiger Global and also drew SoftBank, BOND, Forerunner Ventures, Qualcomm Ventures, Sam Altman, Marc Benioff's TIME Ventures, and others. The company said it was building consumer devices from a collaboration of design and engineering, suggesting a brand and talent moat.
Risk Factor
Humane's launch faced poor reviews despite heavy funding
Startup Intros says Humane raised about $230 million and launched the AI Pin at $699 in April 2024. It also reports poor reviews after launch and that HP acquired the company in February 2025 for $116 million, including software and 300+ patents.
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No. As of March 2026, Humane is a private company and does not trade on any public stock exchange. Accredited investors can access Humane shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Humane does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Humane shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Humane shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Humane developed the AI Pin, a screenless wearable AI device, and generated under $5M in 2025 revenue at a $116M valuation, following a $100M Series C to scale its AI devices — accredited investors can access Humane stock through UpMarket.