OpenAI has raised a staggering $8.3 billion in funding, pushing its valuation to $300 billion—months ahead of its original timeline, according to the New York Times DealBook Newsletter.
Originally aiming for $7.5 billion by the end of 2025, OpenAI exceeded expectations as investors rushed to get a piece of the AI powerhouse. This funding round is part of a broader $40 billion capital strategy announced in March, with SoftBank previously pledging $30 billion by year-end.
Leading the round was Dragoneer Investment Group, committing $2.8 billion—possibly one of the largest venture investments ever. Other big names joining the round included Blackstone, TPG, T. Rowe Price, Fidelity, Sequoia, Andreessen Horowitz, and Tiger Global.
The round was five times oversubscribed, underscoring investor confidence in the company’s explosive growth.
OpenAI’s business performance has kept pace. Annual recurring revenue has surged to $13 billion—up from $10 billion in June—and is on track to surpass $20 billion by the end of 2025. Paid users of ChatGPT for business have also jumped from three million to five million in just a few months.
This latest funding marks a major milestone in OpenAI’s journey as it cements its leadership in the rapidly expanding AI sector.