OpenAI raises $15B at a $1.25 trillion valuation, CNBC reports
CNBC's David Faber, citing sources, said the round closed at half the up to $30 billion OpenAI had sought, as rival Anthropic prepares to list next week.
Why it matters
The round is about half the up to $30 billion OpenAI was reported to be seeking in October, when CNBC said UAE investors and Coatue were leading it as a bridge to an IPO. It values OpenAI well above the $852 billion set in its record $122 billion March round, even as the company told investors its adjusted operating loss widened to $10.9 billion in the third quarter on about $10 billion of revenue. It lands days before rival Anthropic's planned listing; watch whether OpenAI raises more before its expected 2027 IPO.
Key facts
- $15 billion raised
- $1.25 trillion valuation
- Reported by CNBC's David Faber, citing sources
- Target was up to $30 billion
- March round: $122 billion at $852 billion
- Q3 adjusted operating loss: $10.9 billion