OpenAI has officially closed its largest funding round to date, securing $122 billion at an $852 billion valuation. The massive fundraise comes as the artificial intelligence company prepares for an anticipated public market debut later this year.
The funding round was co-led by SoftBank alongside Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price Associates. Amazon, Nvidia, and Microsoft also participated in the monumental deal.
Notably, about $3 billion of the total raised came directly from individual retail investors through various bank channels. Additionally, OpenAI is set to be included in several exchange-traded funds managed by ARK Invest. This move aims to provide broader public access to the private company’s stock and expand its shareholder base ahead of its expected initial public offering.
The newly acquired capital will be directed toward the company’s substantial spending requirements. OpenAI intends to utilize the war chest to fund the procurement of AI chips, the construction of data centers, and the hiring of top-tier talent.
In tandem with the equity raise, OpenAI expanded its revolving credit facility to approximately $4.7 billion. The facility, backed by several top global banks, is currently undrawn. The company stated that this expansion is meant to bolster financial flexibility as it increases spending on compute and infrastructure, rather than to address any immediate liquidity needs.
Disclosures accompanying the funding announcement provided a detailed look at the company’s current financial and user metrics. OpenAI reported that it is now generating $2 billion in revenue per month. The company noted that it is growing its revenue four times faster than early internet and mobile era leaders, specifically naming Alphabet and Meta.
On the user front, the company stated it has surpassed 900 million weekly active users in consumer AI and holds over 50 million paying subscribers. Search usage within its products has nearly tripled over the past year.
OpenAI is also unlocking new revenue channels, revealing that its recent advertising pilot has generated more than $100 million in annual recurring revenue in less than six weeks. This introduces a significant new monetization stream for a platform that initially built its massive audience without displaying ads.
Furthermore, the business segment is demonstrating strong momentum, currently accounting for 40% of OpenAI’s total revenue, an increase from approximately 30% last year. The company expects business revenue to reach parity with consumer revenue by the end of 2026. This enterprise growth is largely driven by the adoption of agentic workflows powered by its newest model, GPT-5.4.
Positioning its long-term strategy, OpenAI has begun referring to itself as an “AI superapp.” The company explicitly aims to establish itself as the primary interface through which people interact with artificial intelligence, using this unprecedented funding round to anchor expectations as it builds its public market narrative.