Report: OpenAI Completes First $11 Billion Tranche of New Funding at $1.25 Trillion Valuation
According to Bloomberg, people familiar with the matter said OpenAI has completed the first tranche of its new funding round of about $11 billion, valuing the company at $1.25 trillion, with the funds transferred to OpenAI's accounts as of Friday. The remainder of the round is expected to be completed in the coming weeks, with the total potentially reaching up to $20 billion. OpenAI initially planned to raise at least $30 billion at a $1.4 trillion valuation, but later scaled back the plan after AI stocks were heavily sold off in public markets.
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The original report discloses the amount received in the first tranche, the valuation, and the reduced fundraising size, which can be compared with earlier funding plans to see changes in OpenAI's fundraising pace.
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Report: OpenAI Completes First $11 Billion Tranche of New Funding at $1.25 Trillion Valuation
Phoenix Tech Download the app for exclusive early access November 7, 2026, 07:16:25 From Beijing
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Phoenix Tech News, November 7 (Beijing Time) — According to Bloomberg, people familiar with the matter said OpenAI has completed the first tranche of its new funding round, totaling about $11 billion, valuing the company at $1.25 trillion.
The people familiar with the matter said that as of Friday, the funds had been wired into OpenAI's accounts. One of the people said the remainder of the round is expected to be completed in the coming weeks, with the total raise potentially reaching as much as $20 billion.
After postponing its initial public offering (IPO) plans, OpenAI has been negotiating a large-scale funding round with investors for more than a month. Bloomberg previously reported that OpenAI initially planned to raise at least $30 billion at a $1.4 trillion valuation. But as AI stocks suffered a sharp sell-off in public markets, the company subsequently scaled back its fundraising plans.
Investors participating in the first tranche include Coatue Management and T. Rowe Price Group, the people said. Other investors in the round include SoftBank Group, Sequoia Capital, Founders Fund and Andreessen Horowitz. Bloomberg previously reported that a consortium of investors from the UAE also participated in the round.
OpenAI is also working with investment banks and plans to raise funds from high-net-worth individual investors and retail investors, the people said.
OpenAI's most recent funding round was in March this year, when the company completed a $122 billion raise at a valuation of $852 billion.
As of publication, OpenAI declined to comment. (Author/Xiao Yu)
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