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Home/Market & Regulation
Market & RegulationInvestment · $11B

OpenAI raises $11B at $1.25T valuation

TechCrunch AI·November 6, 2026·high confidence

Why it matters

  • →OpenAI's $1.25T valuation cements its status as the most valuable AI company, outpacing competitors like Anthropic.
  • →The $11B raise provides substantial capital to sustain massive infrastructure and compute expenditures ahead of a potential IPO.
  • →The discrepancy between the raised amount and initial targets suggests investors are exercising more caution in the current market.
OpenAI raises $11B at $1.25T valuation
©TechCrunch AI

OpenAI has reportedly raised an additional $11 billion in a new funding round that values the company at $1.25 trillion, according to Bloomberg. The total round is expected to reach approximately $20 billion and is anticipated to close in the coming weeks, though this figure is significantly lower than the $30 billion target previously reported. This development occurs amid broader market caution, with competitor Anthropic facing a potential IPO valuation closer to $1.1 trillion rather than its earlier $2 billion expectation. OpenAI had previously indicated plans for an initial public offering this year but has since delayed those timelines.

Read original

The story around this

TopicOpenAI Initial Public Offering

Earlier coverage that leads up to this article, and what followed. Lines connect each piece to the closest one after it, converging here.

Anthropic and OpenAI duel on price and performance — The Rundown AI1OpenAI Eyes $1.5 Trillion Valuation — Lev Selector2Oura delays IPO; Anthropic reveals massive AI infrastructure costs — Crunchbase News3OpenAI revenue revised down to $50B from $70B projection — TechCrunch AI4Anthropic Delays IPO Amid Valuation and Safety Concerns — Crunchbase News5OpenAI seeks $30B raise at $1.25T valuation — TechCrunch AI6Anthropic files S-1 for $1.5T-$2T IPO — The Verge AI7OpenAI Raises Capital at $1.25 Trillion Valuation — Lev Selector8OpenAI raises $11B at $1.25T valuationSep 23You are here

How we got here

  1. 1
    Anthropic and OpenAI duel on price and performance

    The Rundown AI · September 23, 2026 · Related

  2. 2
    OpenAI Eyes $1.5 Trillion Valuation

    Lev Selector · September 25, 2026 · Same story

  3. 3
    Oura delays IPO; Anthropic reveals massive AI infrastructure costs

    Crunchbase News · September 29, 2026 · Same story

  4. 4
    OpenAI revenue revised down to $50B from $70B projection

    TechCrunch AI · October 8, 2026 · Same story

  5. 5
    Anthropic Delays IPO Amid Valuation and Safety Concerns

    Crunchbase News · October 22, 2026 · Same story

  6. 6
    OpenAI seeks $30B raise at $1.25T valuation

    TechCrunch AI · October 22, 2026 · Same story

  7. 7
    Anthropic files S-1 for $1.5T-$2T IPO

    The Verge AI · October 29, 2026 · Related

  8. 8
    OpenAI Raises Capital at $1.25 Trillion Valuation

    Lev Selector · October 30, 2026 · Same story

Follow this story

Open the full story →

OpenAI raises $11B at $1.25T valuation

2 developments

  1. Nov 6 · TechCrunch AI
    OpenAI raises $11B at $1.25T valuation (This article)
  2. Nov 6 · The Verge AI
    OpenAI Valued at $1.25 Trillion in New Funding Round

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