OpenAI, founded in 2015, is a leader in AI development, specializing in generative models like GPT-4 and DALL·E. It serves both consumer and enterprise markets, driving significant demand for AI tools in industries such as tech, healthcare, and finance. OpenAI’s mission is to ensure AGI benefits humanity, with a growing product suite that includes ChatGPT, APIs, and platform integrations.
According to Bloomberg News on Wednesday, September 12th, OpenAI is reportedly in discussions to raise new funding of $6.5 billion at a valuation of $150 billion, a move that would further solidify its position as one of the largest startups globally.
OpenAI’s new valuation would be 74% higher than the $86 billion it fetched in a tender offer earlier this year.
- Round announced today but majority has been filled up.
- $150B valuation cap. Converts upon restructuring of the business and removal of profit caps etc.
- ~$5B ARR now and ~$20B to $30B ARR by 2025E.
- Round is $5B (might upsize to $6.5B).
- Apple, Nvidia, Microsoft, and Thrive Capital are each putting in $1B.
- Fee: 5% one-time upfront management fee + 20% carry.
- Need commitment on allocation numbers by Sep 16th.
- Please indicate your interest below.
News sources
Bloomberg: OpenAI fundfaising set to vault startup’s value to $150 billion
Financial Times: OpenAI aims to raise at least $5bn at $150bn valuation
TechCrunch: OpenAI reportedly in talks to raise at $150B valuation
Pachamama Capital - Secondaries 