Latest: OpenAI Fundraising Round Shrinks to $20B at $1.25T Valuation
OpenAI is seeking to raise tens of billions at a valuation above one trillion dollars, making investor sentiment and market conditions directly relevant to its infrastructure buildout pace. The company's stated IPO readiness hinges on enterprise revenue growth that Brockman said roughly doubled.
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OpenAI's current fundraising round has shrunk from $30 billion to roughly $20 billion, a 33% reduction in dollar size, while its valuation target fell only about 11%, from $1.4 trillion to $1.25 trillion, according to Bloomberg and the Financial Times. Investors pushed back on price in late October and then cut the dollars they were willing to commit. Even at $1.25 trillion, OpenAI would be valued roughly 47% above its March 2026 valuation of $852 billion. The round's pullback coincided with a 3.5% decline in the Nasdaq 100. CFO Sarah Friar told CNBC that OpenAI will continue investing in data center infrastructure regardless of election outcomes, citing strong customer demand, and confirmed the company is in fundraising discussions at a valuation roughly 50% higher than its March round. President Greg Brockman said OpenAI could be ready for an IPO in 2027, pointing to enterprise revenue that roughly doubled and now constitutes the majority of OpenAI's revenue.
OpenAI president Greg Brockman said the company could be ready for an IPO in 2027, crediting enterprise revenue that roughly doubled and now makes up the majority of total revenue.
CFO Sarah Friar told CNBC the same day that OpenAI is in fundraising talks at a valuation roughly 50% above its prior round of $852 billion, and said the company would not slow data center investment regardless of election outcomes, citing strong customer demand.
Bloomberg and the Financial Times report OpenAI's round shrank from $30B to roughly $20B after investors pushed back on price in late October.
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