OpenAI completes part of this round’s $11 billion financing, valuation reaches $1.25 trillion
According to Bloomberg, OpenAI has completed the initial portion of about $11 billion in financing in this round, with the funds having been transferred into the company’s account on November 6, and this round values the company at $1.25 trillion. People familiar with the matter said the remaining portion of this round is expected to be completed in the coming weeks, with the total potentially rising to as much as $20 billion.
OpenAI had previously planned to raise $30 billion or more, with a valuation target of about $1.4 trillion, but later scaled back the size after public market declines in the AI sector. The company has delayed its initial public offering plan and has been negotiating this round of financing for more than a month. OpenAI declined to comment. The Wall Street Journal had previously reported some details of the financing.
Investors participating in the first closing included Coatue Management and T. Rowe Price. Other investors in this round included SoftBank, Sequoia Capital, Founders Fund, and Andreessen Horowitz. OpenAI previously completed about $122 billion in financing in March 2026, when the company was valued at about $852 billion.
Original source:
Title: OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value Publisher: Bloomberg Publication date: 2026-11-06 URL: https://www.bloomberg.com/news/articles/2026-11-06/openai-completes-11-billion-portion-of-funding-at-1-25-trillion-value Source type: media report (citing people familiar with the matter) Verification status: Based on reading Bloomberg’s report summary and cross-checking with Reuters and others; verification date 2026-11-06 Supporting content: Supports all core figures, valuation, timeline, and investor list in the body
ABAB AI Insight
OpenAI’s financing this round has been scaled back from an initial target of more than $30 billion and a valuation of about $1.4 trillion to the $11 billion that has now closed at a $1.25 trillion valuation, with the remaining portion potentially bringing the total to $20 billion. The funds arrived on November 6. The company began this round of negotiations after delaying its IPO plan, and the talks lasted for more than a month. OpenAI declined to comment on the financing details, according to people familiar with the matter.
On the capital side, investors in the first closing included Coatue Management and T. Rowe Price, while other participants included SoftBank, Sequoia Capital, Founders Fund, and Andreessen Horowitz. This round came after public market declines in the AI sector, and the company reduced its target from a larger amount. OpenAI completed about $122 billion in financing in March 2026, when it was valued at about $852 billion, and this round’s valuation is higher than that round’s but below the company’s original expectation.
Compared with the March round, this round is significantly smaller and being completed in stages, reflecting a repricing of spending on AI infrastructure and valuations. A similarity is that both involved large institutions; the key difference is that this round reduced its target amid public market adjustments and the company proactively delayed its IPO. IPO valuation expectations for competitors such as Anthropic have also been revised down, indicating a broader shift in sector sentiment.
For OpenAI, the $11 billion already in hand provides funds to continue investing in computing capacity and product expansion, but the staged closing and lower target make the total financing smaller than originally planned. For investors, the $1.25 trillion valuation remains significantly above the March level, but below the company’s initial sought-after range of $1.4 trillion, reflecting the transmission of public market adjustments to private market pricing. Whether the remaining portion can be completed as expected still depends on subsequent investor commitments and market conditions.
ABAB News · Cognitive Law
- This round has been reduced from a target of more than $30 billion to $11 billion already closed, with the remainder potentially reaching $20 billion, reflecting a phased close after the target was lowered.
- The valuation has fallen from the expected roughly $1.4 trillion to $1.25 trillion, corresponding to repricing after declines in public AI-sector markets.
- The funds arrived on November 6, but the company declined to comment on the financing, with the information relying on people familiar with the matter.