OpenAI in talks to raise $30B at $1.4T valuation
OpenAI is reportedly negotiating a pre-IPO round of at least $30 billion, valuing the company at roughly $1.4 trillion, as revenue hits $40 billion.
OpenAI is in talks with investors to raise at least $30 billion in a pre-IPO funding round, according to reports. The round would value the company at roughly $1.4 trillion.
The reported talks come as OpenAI's run-rate revenue has jumped 70% since July, reaching $40 billion in August. OpenAI did not respond to TechCrunch's request for comment.
The potential raise would mark a significant step up from OpenAI's previous funding. In March 2025, the company raised $122 billion at an $852 billion valuation. That round was supposed to be its last private raise before an IPO, which had been expected to take place this year.
CEO Sam Altman has ruled out a public debut in 2026, saying he wants to prioritize AI safety first. The competitive landscape has also shifted: Anthropic momentarily outpaced OpenAI at the start of the year.
Quick answers
How much is OpenAI trying to raise?
OpenAI is in talks to raise at least $30 billion in a pre-IPO funding round.
What valuation would the round give OpenAI?
The round would value OpenAI at roughly $1.4 trillion.
What is OpenAI's current revenue?
OpenAI's run-rate revenue reached $40 billion in August, up 70% since July.