Media report · AI-ASSISTED BRIEF
Report: OpenAI Closes First $11B Tranche of New Funding at $1.25T Valuation
Report publication · YYSI publication
According to IT Home, Bloomberg-reported, citing people familiar, that OpenAI has received about $11 billion as the first tranche of a new funding round valuing the company at $1.25 trillion, with the remainder expected within weeks and the total possibly reaching $20 billion. Investors reportedly include Coatue and T. Rowe Price, alongside SoftBank, Sequoia, Founders Fund and Andreessen Horowitz. OpenAI declined to comment.
Source & context
www.ithome.com · Read the original source ↗
This AI-assisted brief attributes information to the linked media report. It is not an official announcement or independent YYSI reporting. Consult the original report and its evidence.