OpenAI reportedly closes initial $11B funding at $1.25T valuation
Reports say OpenAI closed an initial $11 billion funding tranche at a $1.25 trillion valuation; the round could reach $20 billion.
OpenAI reportedly closed an initial $11 billion portion of a funding round at a $1.25 trillion valuation on November 6. Multiple reports citing people familiar with the financing say the funds were wired to the company. OpenAI has not announced the transaction publicly, so the terms remain reported rather than company-confirmed.
The round is still expected to continue. One account says the total could reach about $20 billion in the coming weeks. Reports describe the earlier fundraising goal as up to $30 billion, but differ on the valuation OpenAI initially sought: one says $1.4 trillion, while another says $1.5 trillion.
The figures should therefore be read as the reported first tranche and current round valuation, not a final total or a confirmed original valuation target. OpenAI’s previous publicly announced round, in March 2026, was $122 billion in committed capital at an $852 billion post-money valuation.