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OpenAI Reveals Additional $10 Billion Fundraising, Pre-IPO Total Funding Exceeds $120 Billion
Mars Finance reports that, according to market sources, OpenAI Chief Financial Officer Sarah Friar revealed in an interview that, as part of its historic funding round, OpenAI is raising an additional $10 billion from investors. Friar stated that this new funding brings the total amount of this financing round to “over $120 billion,” far exceeding the $110 billion announced last month. OpenAI announced its first funding round at the end of February, which is considered its final private funding before potentially going public through an IPO. According to Friar, Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price participated in this $10 billion new funding. Notably, Microsoft, as a long-term investor and one of OpenAI’s main cloud service providers, also participated in this round.