OpenAI, not yet public, raises $3B from retail investors in monster $122B fund raise
TechCrunch • • business
Key Points:
- OpenAI has raised $122 billion in its largest funding round to date, valuing the company at $852 billion as it prepares for a potential IPO this year.
- The funding round was co-led by SoftBank and Andreessen Horowitz, with participation from major investors including Amazon, Nvidia, and Microsoft, and included $3 billion from individual investors.
- OpenAI reported generating $2 billion in monthly revenue, with over 900 million weekly active users and more than 50 million subscribers, highlighting rapid growth and increasing adoption.
- The company expanded its revolving credit facility to $4.7 billion to enhance financial flexibility amid heavy spending on AI infrastructure, chips, and talent acquisition.
- OpenAI emphasized its ambition to become the primary AI interface, describing itself as an "AI superapp," and highlighted growth in its business segment, driven by its latest GPT-5.4 model.
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