OpenAI, not yet public, raises $3B from retail investors in monster $122B fund raise

April 2, 2026

TL;DR

OpenAI raised $122 billion at an $852 billion valuation in its largest funding round to date.
The funds will support substantial spending on AI chips, data centers, and talent acquisition.
SoftBank, Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price Associates co-led the round, with participation from Amazon, Nvidia, and Microsoft.
Approximately $3 billion came from individual investors via bank channels, and OpenAI will be included in ARK Invest ETFs.
OpenAI expanded its revolving credit facility to $4.7 billion, indicating bolstered financial flexibility.
The company reported generating $2 billion in revenue per month and has over 900 million weekly active users and 50 million subscribers.
OpenAI's ads pilot is generating over $100 million in annual recurring revenue in under six weeks.
The business side now accounts for 40% of revenue and is projected to reach parity with consumer revenue by the end of 2026.
OpenAI aims to be an 'AI superapp,' intending to be the primary interface for AI usage.

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