OpenAI Raises Less Than Half of $30 Billion Target in Latest Round
OpenAI has raised approximately $11 billion in its latest funding round, failing to reach its original $30 billion goal. The company has lowered its fundraising target and valuation goal to $1.25 trillion following a sharp sell-off in technology stocks and tepid interest from large investors. While some reports suggest the target was slashed by $10 billion or $14.2 billion, the current funding round remains open and figures are subject to change. OpenAI is now reportedly looking to family offices to fill the gap as market anxieties mount.
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- ✓ OpenAI has raised approximately $11 billion of its $30 billion target.
- ✓ The latest funding round values the company at $1.25 trillion.
- ✓ OpenAI reduced its fundraising and valuation targets amid a tech sell-off.
- ✓ The Financial Times reports that OpenAI slashed its funding target by $10 billion.
What changed
OpenAI failed to meet its $30 billion target, securing only $11 billion at a $1.25 trillion valuation.
Live updates
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OpenAI Secures $11 Billion, Missing $30 Billion Funding Target
OpenAI has raised approximately $11 billion in its latest funding round, failing to reach its original $30 billion goal. The company has lowered its fundraising target and valuation goal to $1.25 trillion following a sharp sell-off in technology stocks and tepid interest from large investors. While some reports suggest the target was slashed by $10 billion or $14.2 billion, the current funding round remains open and figures are subject to change. OpenAI is now reportedly looking to family offices to fill the gap as market anxieties mount.
Why it matters
This funding shortfall occurs as the Nasdaq 100 experienced its worst month since March 2025. The valuation dip reflects broader investor jitters regarding AI returns. Rival Anthropic is simultaneously preparing for a potential public debut as early as November.
What is confirmed
- OpenAI has raised approximately $11 billion of its $30 billion target.
- The latest funding round values the company at $1.25 trillion.
- OpenAI reduced its fundraising and valuation targets amid a tech sell-off.
- The Financial Times reports that OpenAI slashed its funding target by $10 billion.
Still unconfirmed
- OpenAI's IPO valuation target was trimmed by $150 billion.
- OpenAI is planning to tap family offices for additional funding.
What to watch next
- Closing of the current funding round and final valuation
- Anthropic's potential public debut in November
- Further adjustments to OpenAI's fundraising goals if family office outreach fails
confidence 90%Sources used for this update (21)
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- WSJ — OpenAI Raises Less Than Half of $30 Billion Target in Latest Round
- Reuters — OpenAI slashes funding target by $10 billion amid tech rout, FT reports
- CoinDesk — OpenAI reportedly cuts fundraising and valuation targets amid AI jitters
- Financial Times — OpenAI slashes funding target by $10bn as tech anxieties mount
- The Information — OpenAI Lowers Fundraising Target–After Decreasing Possible Valuation
- AFR — OpenAI slashes latest funding target by $14.2b
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