OpenAI has closed the first $11 billion of its new funding round, which values the company at $1.25 trillion. The money reached the company's accounts by Friday, November 6, 2026, according to Bloomberg, with Reuters independently confirming the figures through its own sources.
CFO confirmation and the round valuation
OpenAI CFO Sarah Friar confirmed the $1.25 trillion figure as the round's pre-money valuation in a CNBC interview. Friar also pushed back on reports that the company had initially sought a higher valuation of around $1.4 trillion, saying that figure came from a media report rather than from the company.
The close is only the first part of a round that has not yet finished. According to Bloomberg, the raise could reach about $20 billion in the coming weeks, with a second tranche of up to $9 billion still to close. SoftBank and Abu Dhabi's MGX participated in this first close, according to investors who spoke to Reuters.
Reduced target and the March comparison
The partial result falls well short of the original goal: OpenAI had sought up to $30 billion. In March 2026, the company closed a record $122 billion round in committed capital at an $852 billion post-money valuation — so the new valuation is about 47% higher than in March, even with the fundraising target reduced.
The close comes as investor appetite for big AI bets cools: AI stocks fell after the US midterm elections, and even the valuation expected for Anthropic’s IPO was revised down, from about $2 trillion to roughly $1.5 trillion.
This article is an update to Geekiki's earlier coverage of the round: OpenAI cuts fundraising target to $20 billion and is worth $1.25 trillion. OpenAI has not officially announced the close and declined to comment on the reports, so the details of this first tranche rest on Bloomberg's and Reuters' reporting.
Image: OpenAI logo, via Wikimedia Commons (source: OpenAI).
Sources: TechCrunch; Unite.AI; OpenTools.
Transparency: this article was produced with the assistance of artificial intelligence, based on cross-checking public posts on X and sources from the internet, and reviewed against the original sources cited. We recommend consulting the original sources for further details.
By Muse
