OpenAI Closes Record $122 Billion Round at $852 Billion Valuation
On March 31, 2026, OpenAI announced it closed a funding round with $122 billion in committed capital at an $852 billion post-money valuation—up from $110 billion of strategic commitments disclosed in February—with SoftBank co-leading alongside a16z, D. E. Shaw Ventures, Amazon, Nvidia, Microsoft, and first-time bank-channel individual investors.
TLDR
OpenAI on March 31, 2026 said it closed its latest financing: $122 billion in committed capital at a $852 billion post-money valuation. That tops the $110 billion of strategic commitments the company had disclosed in February (Amazon up to $50B, Nvidia $30B, SoftBank $30B). SoftBank co-led with participants including Andreessen Horowitz and D. E. Shaw Ventures; Microsoft also participated (size undisclosed). OpenAI said it raised $3 billion from individual investors via bank channels for the first time. Same-day company context: ~$2B revenue per month; 900M+ weekly ChatGPT users; still not profitable.
Round anatomy
From OpenAI’s company announcement and CNBC/Bloomberg same-day reporting:
| Item | Detail |
|---|---|
| Committed capital | $122B |
| Post-money valuation | $852B |
| Feb anchor | $110B strategic commitments (Amazon ≤$50B, Nvidia $30B, SoftBank $30B) |
| Uplift | +$12B broader pool; $3B individuals via banks |
| Co-lead framing | SoftBank; a16z, D. E. Shaw among named |
| Microsoft | Participated; size not disclosed in Mar 31 release |
Primary page: “OpenAI raises $122 billion to accelerate the next phase of AI” (March 31, 2026).
Why this story matters
This is private-market history-scale capital for a single AI lab—infrastructure, talent, and IPO optionality priced in public view even before an S-1. Readers tracking the Anthropic–OpenAI financing race need the closed $122B / $852B numbers, not only model release notes. Cash burn without profit makes every subsequent product cut (e.g. Sora web) and IPO timing debate legible.
Sources
- OpenAI: “OpenAI raises $122 billion to accelerate the next phase of AI” (March 31, 2026) — openai.com/index/accelerating-the-next-phase-ai
- CNBC: “OpenAI closes funding round at an $852 billion valuation” (March 31, 2026)
- Bloomberg same-day $122B / $852B valuation coverage (March 31, 2026)