OpenAI closes $122B round at an $852B valuation

OpenAI

OpenAI closed a record $122 billion funding round at an $852 billion post-money valuation. The round was co-led by SoftBank and Andreessen Horowitz with notable participation from D.E. Shaw, Amazon and NVIDIA. The company reported $2 billion in monthly revenue and remains unprofitable as it prepares for a potential IPO.

• Record $122 billion funding round with $852 billion post-money valuation in largest Silicon Valley funding round to date
• Co-led by SoftBank and Andreessen Horowitz; participated by D.E. Shaw, Amazon, NVIDIA and Microsoft
• Company reported $2 billion monthly revenue and $13.1 billion annual revenue, with focus on compute as strategic advantage
• Remains unprofitable as it prepares for potential IPO; described access to compute as main strategic advantage