OpenAI reportedly in talks for a new pre-IPO funding round of 30 billion USD at a valuation of 1.25 trillion USD
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
According to people familiar with the matter who spoke to CNBC, OpenAI is negotiating a new private funding round of up to 30 billion USD, at a pre-money valuation of 1.25 trillion USD, led by Coatue and UAE investors, rather than directly proceeding with an IPO; OpenAI declined to comment. A month earlier, Bloomberg had reported a similar funding round, with a valuation of 1.4 trillion USD at the time; both outlets said the terms are still under negotiation and may change in the end. CNBC said the UAE funding may come with an agreement for OpenAI to obtain more compute capacity from the UAE. If this round's valuation exceeds 1 trillion USD, OpenAI would become the highest-valued private company in history and further raise the pricing threshold for its subsequent IPO. OpenAI filed confidentially for an IPO in June; a funding round in March had a post-money valuation of 852 billion USD.