OpenAI reportedly raises $11B in new funding at $1.25T valuation
OpenAI Group PBC has reportedly raised $11 billion as part of a funding round that could nearly double in size over the coming weeks. Sources told Bloomberg that investors wired the funds to the company today. The tipsters didn’t name the backers. The list of possible participants includes Microsoft Corp., which contributed to at least […] The post OpenAI reportedly raises $11B in new funding at…
OpenAI has reportedly secured $11 billion in new funding, potentially doubling in size over the coming weeks. While the names of the investors remain undisclosed, Microsoft Corp. is believed to be among the participants, having contributed to four of OpenAI's previous funding rounds, including the most recent $122 billion round in March.
The deal is expected to value OpenAI at $1.25 trillion, potentially surpassing Anthropic's market capitalization. Anthropic has set its sights on a $1.5 trillion valuation for its upcoming initial public offering. OpenAI's revenue grew by 77% year-over-year in the third quarter, with the company bringing in $50 billion in net annualized revenue.
A significant portion of their growth came from their enterprise business, which saw sales more than double. OpenAI plans to go public sometime in 2027, and the latest funding infusion should help them manage their infrastructure costs until the listing.
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Also reported by 4 other outlets
- Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg) bloomberg.com
- OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation techcrunch.com
- OpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports investing.com
- OpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports channelnewsasia.com
