OpenAI Closes Record $122 Billion Funding Round at $852 Billion Valuation

OpenAI has closed a record-breaking $122 billion funding round at an $852 billion valuation, marking Silicon Valley's largest financing ever, co-led by SoftBank and Andreessen Horowitz with participation from previous backers Microsoft, Amazon, and Nvidia. The company is generating over $2 billion in monthly sales as of March 2026, serving more than 900 million weekly active users and 50 million subscribers, with enterprise customers now representing 40% of revenue compared to 30% a year earlier. Nearly $3 billion came from retail investors through bank channels, and ARK Investment Management will include OpenAI in its ETFs ahead of an anticipated IPO later this year. OpenAI recently shut down its Sora video application to focus on productivity tools and announced plans for a developer-focused superapp integrating ChatGPT and agentic offerings.

Record-breaking funding round and valuation milestone

• ▪OpenAI raised $122 billion in a funding round at an $852 billion valuation.
• ▪OpenAI's $122 billion funding round is the largest funding round in Silicon Valley's history.
• ▪D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price Associates participated in OpenAI's $122 billion funding round.
• ▪SoftBank Group Corp. and Andreessen Horowitz co-led OpenAI's $122 billion funding round.
• ▪Amazon.com Inc., Nvidia Corp., and Microsoft Corp. participated in OpenAI's $122 billion funding round as previous backers.

Revenue growth and business model diversification

• ▪Sales to businesses account for 40% of OpenAI's total revenue as of March 2026.
• ▪OpenAI launched its advertising business six weeks before March 31, 2026.
• ▪OpenAI is generating in excess of $2 billion in sales per month as of March 2026.

Perspective of Enterprise customers

• ▪OpenAI's business customer revenue share increased from 30% to 40% of total revenue in one year ending March 2026.

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