Source: the-decoder.com/openai-lands-an-11-billion-funding-round-but-has-to-court-dentists-for-more-capital
Bloomberg reports that OpenAI received the roughly $11 billion on Friday. The money is the first part of a round that values the company at $1.25 trillion and could reach $20 billion in total, with the remainder expected over the coming weeks.
OpenAI had first aimed for $30 billion at a $1.4 trillion valuation but scaled back after a selloff in the AI sector. Named investors include Coatue Management, T. Rowe Price, SoftBank, Sequoia Capital, Founders Fund, Andreessen Horowitz and a consortium from the United Arab Emirates.
OpenAI is also working with investment banks to bring in wealthy individual investors. The Decoder points to Anthropic's valuation pressure ahead of its planned IPO and to the business success of Claude Code as added pressure on OpenAI.
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The first tranche is in, but the final size of the round is not settled, so the company's funding position may still shift. The smaller target and the search for individual investors suggest capital for frontier model labs is tighter than the headline figure implies. Teams that depend on OpenAI's model APIs may want to watch whether the remaining tranches arrive before committing to long-term pricing or capacity plans.
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