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OpenAI closes its monster $10B funding round at $27B-29B valuation

OpenAI closes its monster $10B funding round at $27B-29B valuation

a year ago
Anonymous $QMjB47b2Hv

https://techcrunch.com/2023/04/28/openai-funding-valuation-chatgpt/

OpenAI, the startup behind the widely used conversational AI model ChatGPT, has closed its new funding round of over $10.3 billion, TechCrunch has learned.

VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global are in the round, according to documents seen by TechCrunch. A source tells us Founders Fund is also investing. Altogether the VCs have put in just over $300 million at a valuation of $27 billion – $29 billion. This is alongside a big investment from Microsoft announced earlier this year, a person familiar with the development told TechCrunch. The size of Microsoft’s investment is believed to be around $10 billion, a figure we confirmed with our source.

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