OpenAI raises $11B at $1.25T valuation
Original: OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation
Why This Matters
Back-to-back valuation cuts at OpenAI and Anthropic signal cooling AI investor appetite.
OpenAI has raised $11 billion in a new funding round valuing the company at $1.25 trillion, per Bloomberg. The round hasn't closed yet and could reach $20 billion total, well below the $30 billion OpenAI sought in September.
Bloomberg reported Friday that OpenAI has secured $11 billion so far in an ongoing funding round carrying a $1.25 trillion valuation. The round remains open and is expected to close within weeks, with a potential total of around $20 billion — a significant shortfall from the $30 billion target OpenAI was pursuing as recently as late September. TechCrunch reached out to OpenAI for comment but had not received a response at time of publication.
The news landed alongside a separate Bloomberg report that prospective buyers of Anthropic pre-IPO shares are pricing the company at roughly $1.1 trillion, far below the $2 trillion valuation Anthropic investors were targeting just a month ago. OpenAI had previously signaled a 2026 IPO but pushed those plans back; analysts now expect a public offering sometime in 2027.
The broader AI market is showing signs of stress. Democrats' strong performance in the U.S. midterms, combined with sharply negative public sentiment toward data centers, has injected uncertainty about potential regulatory headwinds ahead.