OpenAI has raised $122 billion at an $852 billion valuation, marking its largest funding round to date as it prepares for a potential public market debut this year.
This funding will allow OpenAI to enhance its investments in AI chips, data center deployments, and talent acquisition. The participation includes high-profile investors such as SoftBank, Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, T. Rowe Price Associates, as well as Amazon, Nvidia, and Microsoft.
Approximately $3 billion of the raised funds were sourced from individual investors through bank channels. Inclusion in multiple exchange-traded funds (ETFs) managed by ARK Invest will broaden its shareholder base ahead of an anticipated IPO.
OpenAI also announced the expansion of its revolving credit facility to about $4.7 billion, which remains undrawn. This move reflects the company’s strategic approach to enhancing financial flexibility while increasing spending on infrastructure.
The press release detailing the funding resembles a draft of an S-1 filing, emphasizing revenue generation metrics and market opportunities. OpenAI reports generating $2 billion in monthly revenue, claiming it grows revenue four times faster than competitors like Alphabet and Meta.
The company boasts over 900 million weekly active users in its consumer AI segment and more than 50 million subscribers. Search usage has nearly tripled over the past year, further indicating strong user engagement. An advertising pilot program has reportedly generated over $100 million in annual recurring revenue in just six weeks.
Business revenue now constitutes 40% of OpenAI’s overall earnings, up from 30% last year, with projections indicating it could match consumer revenue by the end of 2026. This growth is largely attributed to the latest model, GPT-5.4.
OpenAI describes itself as an “AI superapp,” aiming to be the primary interface for AI utilization. The recent funding round serves to bolster the company’s narrative and expectations ahead of its potential IPO.
