Overview

• Prompt leadership told employees in an all-hands meeting that a transaction with Apple is pending, according to audio reported by CNBC.
• Staff who do not join Apple will receive reduced pay and are being encouraged to apply for open roles at the company.
• The Seemour home security app will be retired, and users will be notified that their data will be deleted to protect privacy.
• Executives said investors will get some money back from the deal but will not be made whole.
• The 11-person startup also drew interest from xAI and Neuralink, and reporting suggests Apple could apply the team’s computer-vision work to smart-home efforts.