Breaking

OpenAI Closes $11 Billion Tranche of Funding at $1.25 Trillion Valuation

November 6, 2026 at 18:25 EST

Funding & M&A
Foundation Models

OpenAI has completed an $11 billion portion of its ongoing funding round, a tranche that values the company at $1.25 trillion.

Funding round · OpenAI

OpenAI completes an $11 billion tranche at a $1.25 trillion valuation

The tranche is one portion of an ongoing round. The two disclosed figures place OpenAI among the most valuable private companies in the world.

$11B

Completed portion of the ongoing funding round

$1.25T

Valuation attached to this tranche

The tranche against the valuation, drawn to scale

Column height is proportional to dollar value. The $11 billion tranche is about 0.9% of the $1.25 trillion valuation.

$1.25T

$11B

Valuation

Tranche

Takeaway: The completed stage is a small slice of the total valuation, which is why the remaining stages of the round matter for the full picture.

What is still open

The disclosed facts are fixed. The details of the rest of the round are not yet confirmed.

Investors

Identities of participating investors in each stage

Terms

Conditions attached to each funding stage

Deployment

Allocation across research, computing capacity, and products

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