OpenAI Lands $11 Billion at a Cut Price
The first tranche closed below both the valuation and the round total the company originally sought.
OpenAI received roughly $11 billion as the first tranche of a new round, with funds wired by 6 November 2026, at a $1.25 trillion valuation. That is below the $1.4 trillion initially sought, and the round may total $20 billion against an earlier target of at least $30 billion. Reported investors include Coatue, T. Rowe Price, SoftBank, Sequoia, Founders Fund, Andreessen Horowitz and a consortium of Emirati backers. The valuation still exceeds the $852 billion set in March. The reporting rests on unnamed sources and OpenAI declined to comment.
