OpenAI raises 122 billion USD at an 852 billion USD valuation
2026-03-31 · Publisher : OpenAI · Domain : Artificial Intelligence
OpenAI closes the largest private funding round in history: 122 billion USD in commitments at an 852 billion USD valuation, anchored by Amazon, Nvidia and SoftBank, with 3 billion USD from individual investors for the first time.
What changes
- 122 billion USD of committed capital, up from 110 billion USD announced in February, at an 852 billion USD post-money valuation.
- Amazon commits up to 50 billion USD, Nvidia and SoftBank 30 billion USD each; 35 billion USD of Amazon's share is conditional according to press reports.
- About 3 billion USD raised from individual investors through bank channels, a first.
- OpenAI reports 2 billion USD in monthly revenue and over 900 million weekly users, while not yet profitable.
On March 31, 2026, OpenAI announces the close of its funding round: 122 billion USD of committed capital, at an 852 billion USD post-money valuation. It is the largest private raise ever completed. ### What happened - In February, OpenAI had announced 110 billion USD in commitments from its strategic partners: up to 50 billion USD from Amazon, 30 billion USD from Nvidia and 30 billion USD from SoftBank. The additional 12 billion USD comes from a broader pool of investors. - SoftBank co-leads the round with Andreessen Horowitz, D. E. Shaw Ventures, MGX, TPG and T. Rowe Price Associates; Microsoft participates, with the amount undisclosed. - For the first time, OpenAI opens the round to individuals through bank channels (about 3 billion USD) and enters several ETFs managed by ARK Invest. - The company also expands its revolving credit facility to about 4.7 billion USD, undrawn. ### Key figures | Metric | Value | |---|---| | Committed capital | 122 billion USD | | Post-money valuation | 852 billion USD | | Reported monthly revenue | 2 billion USD | | 2025 revenue | 13.1 billion USD | | Weekly users | over 900 million | | Subscribers | over 50 million | | Enterprise share of revenue | 40% | ### Caveats OpenAI is still burning cash and is not profitable. According to press reports, 35 billion USD of Amazon's commitment depends on an IPO or on reaching artificial general intelligence. The company has also scaled back some projects, including the Sora video app. ### Why it is a turning point The announcement, which TechCrunch compares to a draft S-1, explicitly prepares an IPO. OpenAI states: "we are growing revenue four times faster than the companies who defined the Internet and mobile eras." ### Key takeaways This record round sets the scale of frontier AI's capital needs. Two months later, Anthropic will surpass this valuation at 965 billion USD.
Links
- CNBC — OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
- TechCrunch — OpenAI, not yet public, raises $3B from retail investors in monster $122B fund raise
- Yahoo Finance — OpenAI raises $122 billion at $852 billion valuation, closing largest funding round in history
Tags : IA, OpenAI, Financement, Valorisation, SoftBank