OpenAI Raises Record $6.6 Billion in Largest VC Round Ever, Valued at $157 Billion

Oct 2, 2024, 05:41 PM

OpenAI has closed a record-breaking $6.6 billion funding round, valuing the artificial intelligence company at $157 billion. The fundraising, led by Thrive Capital with participation from Microsoft, NVIDIA, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, Tiger Global, and MGX, marks the largest venture capital deal of all time. The new valuation nearly doubles OpenAI's previous valuation of $86 billion earlier this year, making it the third most valuable private tech company globally, behind only SpaceX and ByteDance.