Funding round
OpenAI Growth
Reported as "Growth Equity"
OpenAI, which works in AI model design and development in San Francisco, raised $10.00B in a Growth round announced on 1 Jan 2023, led by Microsoft, at a $29.00B post-money valuation. 1 firm took part, 1 of them already investors. It is OpenAI's second venture round on record; the one before was a Growth in Jul 2019.
$10.00B
Amount raised
$29.00B
Post-money valuation
1
Investors
1 lead
34%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OpenAI at $29.00B after the new money. The $10.00B bought investors about 34% of the company. It came 42 months after OpenAI's Growth. It is 15% of the $66.20B OpenAI has raised in the venture rounds on record. OpenAI raised again 3 months later: a Growth round of $300M in Apr 2023, at $29.00B post-money.
OpenAI's funding rounds
OpenAI has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Growth 22 Jul 2019, led by Microsoft $1.00B
- Growth this round 1 Jan 2023, led by Microsoft $10.00B$29.00B post-money
- Growth 30 Apr 2023 $300M$29.00B post-money
- Growth 2 Oct 2024, led by Thrive Capital $6.60B$157.00B post-money
- Debt not a venture round 3 Oct 2024 $4.00B
- Growth 31 Mar 2025, led by SoftBank Group $40.00B$300.00B post-money
- Growth 1 Aug 2025, led by Dragoneer Investment Group $8.30B$300.00B post-money
- Other not a venture round 31 Mar 2026 $122.00B$852.00B post-money
Investors
Who put money in
Microsoft led the round. Microsoft had backed OpenAI before.
Lead investor
- Microsoft existing investor
Comparable rounds
How it compares
363 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 200 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Jan 2023 | $300M | $2.00B | Lorient Capital |
| Saviynt Tech Companies | 31 Jan 2023 | $205M | not disclosed | not named |
| DeepL Tech Companies | 1 Jan 2023 | $107M | $1.07B | Institutional Venture Partners |
| Tech Companies | 17 Jan 2023 | $104M | not disclosed | Silversmith Capital Partners |
| Tech Companies | 24 Jan 2023 | $70M | not disclosed | Investcorp |
| Tech Companies | 11 Jan 2023 | $61M | not disclosed | Alven |
| Tech Companies | 18 Jan 2023 | $60M | not disclosed | Digital Alpha Advisors |
| Tech Companies | 1 Jan 2023 | $53M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did OpenAI raise in its Growth round?
OpenAI raised $10.00B in its Growth round, announced in Jan 2023.
Who led OpenAI's Growth round?
Microsoft led it.
What was OpenAI's valuation at the Growth round?
$29.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
363 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 200 times the median.
Did OpenAI raise again after this round?
Yes: a Growth round in Apr 2023 of $300M at $29.00B post-money.