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Former Yahoo CEO Marissa Mayer's new company launches its first product

November 18, 2020. Summarized by summa-bot.

Marissa Mayer, co-founder of Lumi Labs Inc., speaks during the Techonomy 2019 conference in Half Moon Bay, California, U.S., on Monday, Nov. 18, 2019. The annual conference focuses on the centrality of technology to business and social progress and the urgency of embracing the rapid pace of change brought by technology. Photographer: David Paul Morris/Bloomberg via Getty Images

Marissa Mayer, the former Yahoo CEO and the first female engineer at Google, is finally revealing more details about her next chapter.

(CNN Business)Marissa Mayer, the former Yahoo CEO and the first female engineer at Google, is finally revealing more details about her next chapter.

Over the years, Mayer has been the subject of fascination.

On Wednesday, Mayer announced that her secretive startup Lumi Labs -- which she cofounded in 2018 with Enrique Muñoz Torres, who also worked at Yahoo and Google (GOOG) -- has been rebranded as Sunshine and has its first product: Sunshine Contacts.

Sunshine Contacts is an app that aims to help organize and improve one's iPhone contact list using technology it develops, such as artificial intelligence.

An Android app is in the works, according to Fast Company. ) In part, Sunshine Contacts just cleans things up by correcting spelling errors and getting rid of duplicate contact entries.

Sunshine is expected to launch a suite of services in addition to Sunshine Contacts.

Mayer, who serves as CEO, said in a statement that "essential technologies that help us stay connected to those who matter most are antiquated.

At Sunshine, we believe there's an immense opportunity to make the mundane magical," said Mayer, whose company has raised more than $20 million in venture capital to date.

Mayer, Google's 20th employee, is credited with the success of many of its most famous products and oversaw important launches, including Gmail and Google Maps.

Mayer's time at Yahoo, however, was less lauded.

Mayer also attracted big names like journalist Katie Couric, but ultimately, she was unable to turn around Yahoo in her five years leading the business.

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