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OpenAI plans $30bn raise at $1.25tn valuation

Developing1 reports1 sourcesupdated 6 h ago

What happened

AI digest

OpenAI is preparing to raise up to $30bn at a pre-money valuation of $1.25tn, led by Coatue and investors from the UAE, with terms still under negotiation, according to CNBC. The report says it is another large private fundraising round ahead of an OpenAI IPO. The size, valuation and lead investors are all still being negotiated, with nothing final agreed.

Written by AI from the reports · updated 4 h ago

LatestOct 23 06:08
OpenAI is reported to be planning a raise of up to $30bn at a $1.25tn pre-money valuation, led by Coatue and UAE investors, with terms still under negotiation.

Timeline

Follow the reports to see the event from each side.

Oct 23
  1. TechCrunch · AISelected
    OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

    Should OpenAI command an over $1 trillion valuation with this round, it would break records as the most highly valued private company ever.

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