OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation
In Brief Posted: 2:53 PM PST · November 6, 2026 Image Credits:Samuel Boivin/NurPhoto / Getty Images Lucas Ropek OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation OpenAI has reportedly raised $11 billion so far in a new funding round that values the AI lab at $1.25…
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In Brief Posted: 2:53 PM PST · November 6, 2026 Image Credits:Samuel Boivin/NurPhoto / Getty Images Lucas Ropek OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation OpenAI has reportedly raised $11 billion so far in a new funding round that values the AI lab at $1.25 trillion. Bloomberg reported on the new funding on Friday, citing sources familiar with the matter. The $11 billion is part of a larger funding round that hasn’t closed yet, according to the outlet. The round is expected to close in the coming weeks and could total about $20 billion, a source told Bloomberg. In late September, Bloomberg reported that OpenAI was looking to raise $30 billion in the upcoming round. The current figures fall well short of that target. TechCrunch has reached out to OpenAI for comment and will update this story if it responds. The news comes only hours after Bloomberg also reported that potential buyers of shares in the IPO of OpenAI’s chief competitor, Anthropic, are eyeing a substantially lower valuation than Anthropic had targeted. Bloomberg writes that some potential buyers believe Anthropic’s valuation could be as low as $1.1 trillion, compared with the $2 trillion that investors were said to be expecting roughly a month ago. OpenAI previously intimated that it would go public this year but subsequently delayed its plans. There are expectations that the company will IPO next year at some point. The market for AI hangs in a particularly precarious place. The Democratic landslide in the U.S. midterms — and overwhelmingly negative voter sentiment around data centers — has caused jitters throughout the market, with many anticipating potential regulatory challenges in the future. Topics AI, Anthropic, fundraising, In Brief, OpenAI November 4 Boston Buy One Pass, Get a Second FreeCover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for freeBook before the BOGO deal expires Register Now Newsletters See More Subscribe for the industry’s biggest tech news Related AI Crusoe sells troubled Wyoming data center project to Google Marina Temkin 4 hours ago AI Ramp data shows AI spending stalling just as Anthropic nears its IPO Rebecca Bellan 14 hours ago AI Claude can now analyze your spending with its new Personal Finance tool Aisha Malik 2 days ago Latest in AI AI Crusoe sells troubled Wyoming data center project to Google Marina Temkin 4 hours ago In Brief OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation Lucas Ropek 7 hours ago Security Hundreds of Artex AI hacking tools found publicly exposed to the web Zack Whittaker 11 hours ago