OpenAI is in the process of raising an additional $10 billion, taking its total fundraising to more than $120 billion—one of the largest private capital raises in history. The development was confirmed by CFO Sarah Friar.
The latest capital infusion builds on the company’s previously announced $110 billion funding round unveiled in February, which had already surpassed its original $100 billion target. With the new tranche, OpenAI’s valuation is expected to climb to around $850 billion on a post-money basis, up from a pre-money valuation of approximately $730 billion, as reported by The Information.
A diverse group of investors is participating in the additional funding, including Andreessen Horowitz, D. E. Shaw Ventures, MGX, TPG, and T. Rowe Price. Longtime partner Microsoft is also part of this round, continuing its deep association with OpenAI as both an investor and a key provider of computing infrastructure.
“What I’m really pleased about is we raised money all around the ecosystem,” Friar said, highlighting participation from venture capital firms, private equity players, mutual funds, and sovereign investors. “It didn’t matter where you went, people really believed in this AI revolution and they wanted to put their money to work behind it.”
The earlier funding round saw significant commitments from Amazon, which invested $50 billion, while Nvidia and SoftBank each contributed $30 billion. Alongside its investment, Amazon entered into a multi-year partnership with OpenAI to develop custom AI models for its customer-facing applications. OpenAI also plans to expand its existing cloud collaboration with Amazon Web Services through an additional $100 billion commitment over the next eight years.
“We’re super excited about this deal,” said Sam Altman following the earlier funding announcement. “AI is going to happen everywhere. It’s transforming the whole economy, and the world needs a lot of collective computing power to meet the demand.”
Founded in 2015, OpenAI has experienced rapid growth, particularly after launching ChatGPT in late 2022. The platform now serves approximately 900 million weekly active users and generated around $13.1 billion in revenue last year.
According to Friar, around 60% of OpenAI’s current revenue comes from consumer offerings, while enterprise accounts contribute about 40%. The enterprise segment, however, is growing at a faster pace and is expected to reach parity with consumer revenue by the end of the year. She emphasized that enterprise services represent a highly scalable and profitable business line that will underpin the company’s long-term sustainability.
The ongoing fundraising effort is widely seen as OpenAI’s final private round before a potential initial public offering, though the timing will depend on market conditions. As the company continues to invest heavily in infrastructure and talent, it remains focused on meeting the surging global demand for AI capabilities.
The scale of OpenAI’s raise also reflects intensifying competition in the sector. Rival Anthropic recently secured $30 billion in funding at a $380 billion valuation, underscoring the unprecedented level of capital flowing into advanced AI development.
