OpenAI Raises $11 Billion in Funding Round at $1.25 Trillion Valuation
The funding is an initial part of a larger round that has not yet closed and falls short of the company’s original target.
Key takeaways
- OpenAI has raised $11 billion so far at a $1.25 trillion valuation.
- SoftBank and MGX participated in the funding.
- The round’s original target was up to $30 billion.
OpenAI has raised $11 billion in the first part of a funding round that values the company at $1.25 trillion, according to a source familiar with the matter cited by CNA.
SoftBank and MGX took part, two investors told CNA. The amount raised so far is below OpenAI’s original target of up to $30 billion, and the valuation is down from the $1.5 trillion level the company had initially sought, the investors said.
The round has not yet closed. Bloomberg, as reported by TechCrunch, said it could total about $20 billion and is expected to close in the coming weeks.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
