Over $120 billion: OpenAI extends largest funding round ahead of expected IPO

OpenAI will raise additional funds in a record funding round, bringing it "to more than $120 billion," CFO Sarah Fryer told CNBC host Jim Cramer. The round may be the last before the company's long-awaited massive IPO. It could float on the stock exchange in the fourth quarter of 2026, sources told The Wall Street Journal in late January.

Initially, the startup was aiming for $100 billion, the channel points out. But in late February, it announced that the first tranche amounted to $110 billion. Then Amazon, Nvidia and SoftBank took part. OpenAI as part of this deal was valued at $730 billion before investment.

Among those who contributed an additional $10 billion, Fryer named Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG and T. Rowe Price. Longtime partner and one of OpenAI's largest providers of computing power Microsoft
has also joined this part of the round.

"What I'm really excited about is we raised money from across the market," said Fryer, pointing to the participation of venture capital funds, private equity players, mutual funds and sovereigns. - Everywhere you went, people really believed in this AI revolution and wanted to invest their money in its development."

This article was AI-translated and verified by a human editor