OpenAI Nears $30B Round at $1.25T Valuation — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- OpenAI is closing in on a funding round of up to $30 billion.
- Coatue and investors from the UAE are leading the proposed financing round.
- OpenAI's proposed pre-money valuation is $1.25 trillion.
- The proposed round is described as an “opportunistic” bridge ahead of an IPO, explicitly linking the financing to OpenAI’s public-market transition.
Why it matters: The proposed transaction links Coatue and investors from the UAE directly to OpenAI at a $1.25 trillion pre-money valuation. For OpenAI, the raise of up to $30 billion is explicitly tied to the company’s IPO path, making the new capital and public-market transition parts of the same financing step.
Ask SkimNews
