Overview
OpenAI develops large-scale AI models and AI products used by consumers, developers and enterprises. Its offerings center on frontier model research, conversational interfaces and developer tools that enable organizations to build AI-powered applications. The company is differentiated by its brand recognition, broad distribution and position at the center of the foundation model market. It is reportedly set to raise $10 billion in an undisclosed round from MGX, Coatue and Thrive, underscoring continued investor demand for leading AI platforms.
Funding History
OpenAI Set to Raise $10 Billion From MGX, Coatue, Thrive
OpenAI announced a $40 billion financing round at a $300 billion post-money valuation to fund AI research and infrastructure expansion.
OpenAI secured a $4 billion revolving credit facility from a consortium of global banks shortly after its $6.6 billion equity financing.
OpenAI raised $6.6 billion in a major financing round valuing the company at $157 billion, with participation from Microsoft, Nvidia, SoftBank, MGX, and others.
OpenAI raised about $300 million from venture investors including Sequoia Capital, Andreessen Horowitz, Thrive Capital, K2 Global, and Founders Fund at a reported $27 billion to $29 billion valuation.
Microsoft announced a multiyear, multibillion-dollar extension of its OpenAI partnership, widely reported as a $10 billion investment valuing OpenAI at about $29 billion.
Microsoft invested $1 billion in OpenAI as part of a strategic partnership to build Azure-based AI supercomputing technologies.
OpenAI launched as a nonprofit AI research organization with $1 billion in pledged funding commitments from backers including Elon Musk, Sam Altman, Peter Thiel, Reid Hoffman, Jessica Livingston, Infosys, AWS, and YC Research.
Frequently Asked Questions
- How much has OpenAI Set raised in total?
- OpenAI Set has raised a total of $72.9B across 8 funding rounds.
- Who are OpenAI Set's investors?
- OpenAI Set's investors include Coatue Management, Thrive Capital, SoftBank Vision Fund, Microsoft, MGX.
- What does OpenAI Set do?
- OpenAI develops large-scale AI models and AI products used by consumers, developers and enterprises. Its offerings center on frontier model research, conversational interfaces and developer tools that enable organizations to build AI-powered applications. The company is differentiated by its brand recognition, broad distribution and position at the center of the foundation model market. It is reportedly set to raise $10 billion in an undisclosed round from MGX, Coatue and Thrive, underscoring continued investor demand for leading AI platforms.
- Where is OpenAI Set headquartered?
- OpenAI Set is headquartered in San Francisco, United States.
Investors
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