OpenAI lands about $11 billion in new funding at a $1.25 trillion valuation
OpenAI has received roughly $11 billion in new funding, the first tranche of a round valuing it at $1.25 trillion, as it seeks more capital from wealthy investors amid pressure on AI valuations.
OpenAI has received roughly $11 billion in new funding, the first tranche of a round that values the company at $1.25 trillion, with the money wired on Friday, according to Bloomberg. The full round could grow to $20 billion in the coming weeks, after OpenAI scaled back an earlier plan to raise $30 billion at a $1.4 trillion valuation following an AI-sector selloff.
Funding round and valuation
The new funding values OpenAI at $1.25 trillion, and the full round could reach $20 billion. OpenAI originally sought $30 billion at a $1.4 trillion valuation but scaled back after an AI-sector selloff.
Investors and new capital
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.
Market context
Anthropic's valuation is also under pressure ahead of its planned IPO. Anthropic's massive B2B success with Claude Code is making life even harder for OpenAI, and OpenAI's search for more capital is presented as a sign that the AI funding market may be tapped out or too concentrated on OpenAI and Anthropic.
Sources: The Decoder
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