OpenAI reportedly seeking up to $30B private raise at $1.25T valuation ahead of IPO
CNBC reports OpenAI is working on a private funding round of up to $30 billion at a reported $1.25 trillion pre-money valuation, with the round said to be led by Coatue and investors in the UAE; terms are still being negotiated and OpenAI declined to comment. Bloomberg previously reported a similar $30 billion raise at a $1.4 trillion valuation, and the new raise—if completed—would exceed OpenAI’s prior March post-money valuation of $852 billion and set a record for the most valuable private company.