OpenAI Secures $11B in Initial Funding at $1.25T Valuation

Reuters reported on November 6, 2026 that OpenAI had closed on an initial $11 billion in new funding, the first part of a round valuing the company at $1.25 trillion, citing a source familiar with the matter. The amount raised so far represents only a portion of OpenAI’s original target of up to $30 billion. Two investors said the valuation had come down from the $1.5 trillion level the company initially sought, and that SoftBank and MGX participated.

The financing remains an initial close within a larger plan, with the original fundraising target unfinished. The funding landed after a month of cooling sentiment toward AI companies. Some investors valued Anthropic’s planned initial public offering at about $1.5 trillion, below earlier expectations of roughly $2 trillion. Those reduced expectations provide the immediate market context for OpenAI’s own lower valuation ambition.

In its March 31, 2026 funding announcement, OpenAI said it had closed a previous round with $122 billion in committed capital at an $852 billion post-money valuation. Amazon, NVIDIA and SoftBank anchored that financing, with continued participation from…