AI · November 11, 2026
OpenAI raises 11 billion dollars in funding round valuing company at 1.25 trillion dollars
OpenAI closed the first tranche of a funding round on November 6, 2026, raising 11 billion dollars at a valuation of 1.25 trillion dollars, according to confirmation from the company's chief financial officer Sarah Friar. The valuation fell short of the company's initial target of 1.4 trillion dollars, which would have required raising 30 billion dollars or more. The 11 billion dollars represents approximately 37 percent of the originally sought amount.
SoftBank and MGX of Abu Dhabi participated in this first closing. A second tranche of the funding round could bring the total to 20 billion dollars, with potential additional funding of up to 9 billion dollars, though this second phase remains incomplete.
The valuation reflects a gain of approximately 46.7 percent compared to March 2026, when OpenAI raised 122 billion dollars at a valuation of 852 billion dollars, though this comparison carries uncertainty given differences in valuation methodology. The company operates in a cooling artificial intelligence investment market where private valuations have declined and public market prospects have grown more uncertain.
OpenAI reported strong operational growth despite the market environment. Friar stated that the company's business grew 70 percent quarter over quarter in the third quarter, with enterprise business doubling. The company reported 1.2 billion weekly users of ChatGPT and an advertising rate of 1 billion dollars in August. Revenue splits equally between consumer and enterprise segments.
Microsoft recorded a gain of 207 million dollars on its OpenAI stake in the third quarter, reversing a net loss of 3.1 billion dollars a year earlier. NVIDIA indicated that OpenAI's current and planned commitments represent approximately 12 gigawatts of its computing capacity. Rival Anthropic plans a Nasdaq listing in mid-November at an estimated valuation of around 1.5 trillion dollars, down from previously expected valuations near 2 trillion dollars.