OpenAI closes record $122bn round, opens to retail investors
OpenAI has closed a funding round totalling $122bn, surpassing the $110bn figure the company had guided for earlier and establishing the largest single fundraise in Silicon Valley history. The round values the company at $852bn, cementing its position among the most highly valued private businesses globally.
Anchor commitments came from Amazon, Nvidia and SoftBank, with SoftBank alone contributing $110bn according to the Wall Street Journal. The participation of two of the largest cloud and semiconductor players reflects both the scale of AI infrastructure investment underway and the competitive dynamics in the supply chain underpinning it.
The round broke new ground in its inclusion of retail capital. OpenAI raised approximately $3bn from a select group of individual investors, the first time the company has accepted funding from non-institutional participants. The Financial Times reported the retail tranche as a deliberate opening of access ahead of a public listing.
OpenAI disclosed in a blogpost that it is generating $2bn per month in revenue, providing the first explicit public benchmark of the company's commercial run rate as it prepares for an eventual IPO. The fundraise and the revenue disclosure together form part of a sequenced effort to build a public market narrative before listing.
The round had previously been reported at $110bn; the final figure of $122bn reflects late-stage additions, including the retail component. The timeline and structure of any IPO have not been disclosed.
