OpenAI Fundraising Set to Vault Startup’s Valuation to $150 Billion

Sep 13, 2024 thejournalbiz

Company discussing raising $6.5 billion in equity financing. Banks are in talks to provide the startup with a $5 billion credit line.

Tweet on OpenAI investor’s valuation

@OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, according to Bloomberg.#OpenAI #ChatGPT https://t.co/jiSDFCYy35

— The_Journalbiz (@the_journalbiz) September 13, 2024

Bloomberg tweet-news

The new valuation, a figure that doesn’t include the money being raised, is significantly higher than the $86 billion valuation from the company’s tender offer earlier this year, and cements its place as one of the most valuable startups in the world.

At the same time, OpenAI is also in talks to raise $5 billion in debt from banks in the form of a revolving credit facility, said one of the people, all of whom asked not to be identified discussing private information.

The startup declined to comment.

The funding round is slated to be led by Thrive Capital, Bloomberg previously reported. Thrive declined to comment on the latest valuation. Microsoft Corp., the company’s largest investor, is also set to participate, and Apple Inc. and Nvidia Corp., have been in talks about investing.