OpenAI has closed on roughly $11 billion in new funding, the first part of a round that values the company at $1.25 trillion, Bloomberg News reported on Friday, Nov. 6, citing people familiar with the matter. The money had been transferred to the company as of Friday, Bloomberg said, according to Mint.
The remainder of the round, which could bring the total to about $20 billion, is expected to be completed in the coming weeks, one person told Bloomberg, TechCrunch reported. TechCrunch said it had asked OpenAI for comment.
Reuters separately reported the $11 billion close on Friday, citing a source familiar with the matter, in a story carried by CNA. Two investors told Reuters that SoftBank and MGX participated and that the valuation had come down from the $1.5 trillion level OpenAI initially sought. Bloomberg put the earlier goal at $30 billion or more at a $1.4 trillion valuation, according to Mint and an Investing.com summary of the Bloomberg report.
Investors in the first close include Coatue Management and T. Rowe Price, Bloomberg reported, according to Mint. Other investors in the broader round include SoftBank, Sequoia Capital, Founders Fund and Andreessen Horowitz, along with a group of investors from the United Arab Emirates. OpenAI is also working with investment banks to raise money from high-net-worth individuals and retail investors, Bloomberg said.
Bloomberg’s Friday report describes money received rather than commitments. On Oct. 23, AI Tech Daily reported that OpenAI was close to finalizing a round of up to $30 billion at a $1.25 trillion pre-money valuation, citing CNBC and Bloomberg. On Nov. 2, AI Tech Daily reported the Wall Street Journal’s account that OpenAI had about $11 billion in commitments, not cash received, and the Financial Times’ report that the target had been cut to about $20 billion.
OpenAI had been in talks for more than a month after delaying plans for an initial public offering, Bloomberg reported. The company raised $122 billion in March at an $852 billion valuation. Investor sentiment toward AI has shifted amid concerns about infrastructure spending and possible hurdles to data center construction after the U.S. midterm elections, Bloomberg said, according to Mint. Reuters said some investors now value rival Anthropic’s planned IPO at about $1.5 trillion, below earlier expectations of roughly $2 trillion.
Sources
- Bloomberg: OpenAI completes $11 billion portion of funding at $1.25 trillion value, by Natasha Mascarenhas and Rebecca Torrence (November 6, 2026; subscription)
- Mint: OpenAI raises $11 billion at $1.25 trillion valuation amid concerns over AI spending and regulation, citing Bloomberg (November 7, 2026)
- TechCrunch: OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation (November 6, 2026)
- Reuters via CNA: OpenAI gets $11 billion funding at $1.25 trillion valuation, source says (November 6, 2026)
- Reuters via The Star: OpenAI gets $11 billion funding at $1.25 trillion valuation, source says, by Krystal Hu (November 6, 2026)
- Bloomberg via Investing.com: OpenAI closes $11 billion funding at $1.25 trillion valuation (November 6, 2026)
- AI Tech Daily: OpenAI has about $11 billion in commitments for a funding round it initially targeted at $30 billion, WSJ reports (November 2, 2026)
- AI Tech Daily: OpenAI nears up to $30 billion round at $1.25 trillion valuation, down from $1.4 trillion (October 23, 2026)