OpenAI secures $11B funding at $1.25T valuation
First merged summary.
OpenAI received $11 billion in new funding at $1.25 trillion valuation, with the full round potentially reaching $20 billion.
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. OpenAI originally sought $30 billion at a $1.4 trillion valuation but scaled back after an AI-sector selloff. Investors include Coatue Management, T. Rowe Price, SoftBank, Sequoia Capital, Founders Fund, Andreessen Horowitz, and a consortium from the United Arab Emirates. OpenAI is also working with investment banks to bring in wealthy individual investors.
- First tranche of $11B funding wired on Friday at $1.25T valuation
- Full round potentially $20B after scaling back from $30B ask
- Scaled back due to AI-sector selloff
- Anthropic valuation under pressure ahead of IPO
- Investors include Coatue, T. Rowe Price, SoftBank, Sequoia, Founders Fund, a16z, UAE consortium
- Working with banks for wealthy individual investors
What each outlet adds
beyond the shared facts- The DecoderDetails on scaled back from $30B/$1.4T ask and Friday wiring
- Vendors
- OpenAI
- Countries
- United Arab Emirates
Coverage
oldest first · one row per article · UTC- · 2d ago
The DecoderFirst report
OpenAI secures $11 billion funding round at $1.25 trillion valuation
OpenAI received $11 billion in new funding, with the full round potentially reaching $20 billion after scaling back from $30 billion at $1.4 trillion.
- · 2d ago
OpenAI raises $11 billion funding round
OpenAI secures $11B at $1.25T valuation, full round potentially $20B.