OpenAI Raises $6.6 Bn, Closing in on Google-Level Valuation

OpenAI recently raised a whopping $6.6 billion in the largest VC round ever, surpassing Elon Musk’s $6 billion for xAI, making OpenAI the third-most valuable private company at $157 billion. If they hit $10 billion revenue next year, they’ll have a 15x forward multiple, putting them in Google and Facebook IPO territory—Sam Altman is definitely up to something, and we are guessing it’s artificial superintelligence (ASI). 

The latest round of funding, led by existing investor Thrive Capital, has brought OpenAI’s total capital raised to $17.9 billion. Thrive Capital contributed approximately $1.3 billion, with the option to invest an additional $1 billion at the same valuation through 2025. Other major participants in this funding round were Microsoft, NVIDIA, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, and MGX.