BroadChain has learned that OpenAI closed a new $122 billion pre-IPO funding round on April 1, resulting in a post-money valuation of $852 billion.
Major investors include Amazon ($50 billion), NVIDIA ($30 billion), and Japan's SoftBank ($30 billion). Amazon's investment is structured with a "betting agreement" contingent on one of two milestones: a successful IPO or the achievement of Artificial General Intelligence (AGI). NVIDIA and SoftBank will disburse their funds in tranches, scheduled for dates such as July and October.
Other institutional participants, including Andreessen Horowitz (a16z), BlackRock, Sequoia Capital, Singapore's Temasek, and Fidelity, collectively contributed approximately $7 billion.
This round also marked the first inclusion of individual investors, who raised around $3 billion through banking channels.
Additionally, OpenAI secured supplemental credit lines totaling roughly $4.7 billion from a consortium of banks, including JPMorgan Chase, Goldman Sachs, and Citibank.
On the operational front, OpenAI reports annual revenue of about $24 billion, with over 900 million monthly active users. Enterprise clients contribute 40% of its total revenue.
The funding news appears to have significantly impacted Fundrise Innovation (NYSE: VCX), a fund holding private equity stakes in OpenAI, Anthropic, and SpaceX. Its shares rebounded from an intraday decline of 8% to close up nearly 18%, followed by a further 3.6% gain in after-hours trading. This resulted in a cumulative surge of over 40%, with the share price climbing from $95 to $137.
OpenAI stated that the fastest way to broaden AI's benefits is to deliver practical intelligence to users as soon as possible and to scale its global impact continuously.
This capital injection will furnish OpenAI with the resources needed to maintain its leadership in large-scale AI development.