OpenAI closes $11 billion at $1.25 trillion valuation

Nov 6, 2026
OpenAI closed the first $11 billion portion of its funding round at a $1.25 trillion valuation. The company could raise up to $20 billion in total.
OpenAI closes $11 billion at $1.25 trillion valuation

OpenAI closed the first $11 billion portion of its scaled back funding round at a $1.25 trillion valuation, according to Bloomberg. The funds had been transferred to the company by November 6.

The round could reach $20 billion, with the remaining funding expected to close in the coming weeks. OpenAI had previously sought at least $30 billion at a valuation above $1.4 trillion.

Coatue Management and T. Rowe Price participated in the initial close. Other investors in the round include SoftBank, Sequoia Capital, Founders Fund, Andreessen Horowitz and a group of investors from the United Arab Emirates.

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