OpenAI reportedly seeking up to $30 billion at $1.25 trillion
Original title: OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
CNBC says Coatue and UAE investors would lead, while terms remain open and OpenAI declined comment.
TechCrunch reports that OpenAI is working on a private raise of up to $30 billion at a $1.25 trillion pre-money valuation, rather than moving straight to an IPO. Sources told CNBC the round would be led by Coatue and investors in the UAE, and that UAE funding could be tied to more computing capacity. A Bloomberg report a month earlier described a $30 billion raise at $1.4 trillion. OpenAI’s last raise in March valued it at $852 billion post-money, and it filed confidential IPO paperwork in June.
Unconfirmed: The valuation and round size are attributed to unnamed sources and could change.
- Both outlets say the terms are still being negotiated.
- OpenAI declined to comment.
- Anthropic is separately reported to be seeking a $1.5 to $2 trillion IPO valuation.
- Anthropic raised $65 billion at a $965 billion valuation in May.
From the original article
1 min read at techcrunch.com
Should OpenAI command an over $1 trillion valuation with this round, it would break records as the most highly valued private company ever.
By Julie Bort · techcrunch.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.