OpenAI Nears Up to $30 Billion Funding Round at $1.25 Trillion Valuation Led by UAE Investors
OpenAI is close to finalizing a new funding round that is meant to be a bridge to its 2027 IPO, sources familiar with the matter tell CNBC.
TL;DR
- OpenAI is close to finalizing a funding round valuing it at over $1 trillion.
- Investors from the UAE and Coatue are reportedly leading the $30 billion round.
- The financing is positioned as a bridge to a potential initial public offering (IPO).
- OpenAI confidentially filed its prospectus with the SEC in June.
- The company's CFO indicated a target of being a public company in 2027.
- OpenAI is negotiating a commercial deal for more computing capacity from the UAE.
- Rival Anthropic is also preparing for a large IPO and reportedly seeking a higher valuation.