OpenAI Nears Funding Round at More Than $100 Billion Valuation
- Company to offer tender option for employees later in year
- CFO Sarah Friar tells employees of financing plans in memo
OpenAI has been in early discussions to raise funding at a valuation at or above $100 billion since at least December.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
OpenAI is getting closer to raising funding at a valuation of more than $100 billion in a round led by Thrive Capital, people with knowledge of the matter said.
Thrive will invest about $1 billion in the round, said one of the people, who asked to remain anonymous because the fundraising hasn’t been made public. OpenAI Chief Financial Officer Sarah Friar told employees in a memo on Wednesday that the company is seeking fresh capital, without giving details, according to people familiar with the matter.