OpenAI closes about $11 billion at a $1.25 trillion valuation
Reports say OpenAI has completed an initial roughly $11 billion close in a funding round valuing the company at $1.25 trillion, short of earlier $30 billion talk.
OpenAI has reportedly completed an initial close of about $11 billion in a new funding round that values the company at $1.25 trillion, according to coverage published on 6 November 2026.
TechCrunch, citing Bloomberg, said the $11 billion is part of a larger round that has not yet fully closed. Bloomberg’s reporting, as relayed by TechCrunch, said the round is expected to finish in the coming weeks and could total about $20 billion. That is well below the roughly $30 billion target Bloomberg had earlier attributed to OpenAI’s fundraising plans in late September.
Who is said to be in the early close
A Unite.AI summary of Reuters reporting said two investors identified SoftBank and MGX as participants, and said the valuation had come down from a $1.5 trillion level OpenAI initially sought. Those names and figures are attributed to people familiar with the matter, not to a company announcement. TechCrunch said it had contacted OpenAI for comment.
The distinction matters. This story is built from press reports of an unfinished round, not from an OpenAI newsroom release confirming terms, lead investors or a final size.
Context for the numbers
Unite.AI also placed the raise against OpenAI’s March 2026 financing announcement, when the company said it had closed a previous round with $122 billion in committed capital at an $852 billion post-money valuation, with SoftBank and MGX already among earlier backers. That earlier company statement is separate from the November reports about the new initial close.
TechCrunch noted that the news arrived the same day Bloomberg separately reported cooler valuation talk around a potential Anthropic IPO, and linked market jitters to midterm politics and data-centre sentiment. Those are reporters’ framing of the market backdrop, not evidence that midterm results alone set OpenAI’s price.
How to read an unfinished round
An initial close can lock early capital while leaving room for later commitments. Until OpenAI or its lead investors publish confirmed terms, the $11 billion figure, the $1.25 trillion valuation and the possible ~$20 billion total remain reported ranges rather than settled company disclosures.
For enterprise buyers and developers watching OpenAI’s balance sheet, the practical takeaway is modest: capital continues to flow into the lab, but at a lower headline valuation ambition than earlier $30 billion / higher-valuation talk suggested.
This report is not legal, financial, or health advice. See the disclaimer.
