OpenAI raises $11 billion funding round
Original title: OpenAI lands an $11 billion funding round, but has to court dentists for more capital
OpenAI secures $11B at $1.25T valuation, full round potentially $20B.
OpenAI has received roughly $11 billion in new funding, the first tranche of a round valuing the company at $1.25 trillion. The money was wired on Friday. The full round could grow to $20 billion. Investors include Coatue Management, T. Rowe Price, SoftBank, Sequoia Capital, Founders Fund, Andreessen Horowitz, and a consortium from the United Arab Emirates.
- First tranche wired on Friday
- Scaled back from $30B ask and $1.4T valuation
- Anthropic valuation under pressure ahead of IPO
- Working with investment banks for wealthy investors
- Vendors
- OpenAI
- Countries
- United Arab Emirates
From the original article
1 min read at the-decoder.com
OpenAI has secured $11 billion in fresh capital, the first tranche of a round that values the company at $1. 25 trillion. The full round could swell to $20 billion.
By Matthias Bastian · the-decoder.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.