Round · Equity Round · Debt Financing · Closed
OpenAI funding round (March 2026)
OpenAI closed a funding round with $122 billion in committed capital at an $852 billion post-money valuation, co-led by SoftBank with a16z, D. E. Shaw Ventures, MGX, TPG and accounts advised by T. Rowe Price. OpenAI also expanded its revolving credit facility to about $4.7 billion.
- Committed capital
- $122B
- Closed · OpenAI
- Revolving credit facility (expanded, undrawn at close)
- about $4.7B
- Closed · OpenAI
- Post-money valuation
- $852B
- Announced · OpenAI
- Step-up vs previous round
- 2.84x
- Computed by Tokscale: $852B ÷ $300B
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Committed capitalEquity raised · to OpenAI“Today, we closed our latest funding round with $122 billion in committed capital at a post money valuation of $852 billion.” | $122B | Closed | OpenAI ↗ |
Post-money valuationPost-money valuation“Today, we closed our latest funding round with $122 billion in committed capital at a post money valuation of $852 billion.” | $852B | Announced | OpenAI ↗ |
From individual investors through bank channelsEquity raised · to OpenAIPart of the amount above, not added again“For the first time, we extended participation to investors through bank channels, raising over $3 billion from individual investors.” | more than $3B | Closed | OpenAI ↗ |
Revolving credit facility (expanded, undrawn at close)Debt raised · to OpenAI“We have also expanded our existing revolving credit facility to approximately $4.7 billion, which gives us added flexibility as we continue to invest at scale.” | about $4.7B | Closed | OpenAI ↗ |
Participants
Amounts per investor are shown only when a source states them
| Organization | Role | Type | Note |
|---|---|---|---|
| OpenAI | Issuer, Borrower | AI lab | — |
| SoftBank Group | Co-lead, Strategic | Corporate | — |
| Andreessen Horowitz | Co-lead | Venture capital | Named as a16z |
| D. E. Shaw Ventures | Co-lead | Venture capital | — |
| MGX | Co-lead | Sovereign | — |
| TPG | Co-lead | Asset manager | — |
| T. Rowe Price | Co-lead | Asset manager | Accounts advised by T. Rowe Price Associates, Inc. |
| Amazon | Strategic | Hyperscaler | — |
| NVIDIA | Strategic | Chips | — |
| Microsoft | Investor | Hyperscaler | Continued participation as a long-term partner |
| Coatue | Investor | Growth | — |
| Fidelity | Investor | Asset manager | Named as Fidelity Management & Research Company |
| Sequoia Capital | Investor | Venture capital | — |
| Thrive Capital | Investor | Growth | — |
Key terms
- Anchor investors
- Amazon, NVIDIA and SoftBank anchored the round, and Microsoft continued to take part. OpenAI ↗
“The round was anchored by our strategic partners Amazon, NVIDIA, and SoftBank, with continued participation from our long-term partner, Microsoft.”
- Co-leads
- SoftBank co-led the round with a16z, D. E. Shaw Ventures, MGX, TPG and accounts advised by T. Rowe Price Associates, Inc. OpenAI ↗
“SoftBank co-led the round alongside a16z, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates, Inc.”
- Other named investors
- Altimeter, Appaloosa LP, ARK Invest, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, Dragoneer, Fidelity Management & Research Company, Goanna Capital, Insight Partners, The Paragon Group, Sands Capital, Sequoia Capital, Sound Ventures, Temasek, Thrive Capital, UC Investments (University of California CIO Office) and Winslow Capital. OpenAI ↗
“There was also significant participation from a diverse set of global institutions including Altimeter, Appaloosa LP, ARK Invest, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, Dragoneer, Fidelity Management & Research Company, Goanna Capital, Insight Partners, The Paragon Group, Sands Capital, Sequoia Capital, Sound Ventures, Temasek, Thrive Capital, UC Investments (University of California CIO Office), and Winslow Capital.”
- ARK Invest ETFs
- OpenAI said it will be included in several exchange-traded funds managed by ARK Invest. OpenAI ↗
“Today, we're also announcing that OpenAI will be included in several exchange-traded funds managed by ARK Invest, further broadening ownership and giving more people the opportunity to share in the upside economics of OpenAI and the AI era.”
- Credit facility lenders
- JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Wells Fargo, Mizuho, Royal Bank of Canada, SMBC, UBS, HSBC and Santander. OpenAI ↗
“The facility is supported by a global syndicate including JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Wells Fargo, Mizuho, Royal Bank of Canada, SMBC, UBS, HSBC, and Santander.”
- Credit facility undrawn
- The credit facility was undrawn at close. OpenAI ↗
“The facility remains undrawn at close.”
Context
Previous round: OpenAI funding round (March 2025)
Mar 31, 2025 · $40B at $300B post-money
OpenAI investment from SoftBank, NVIDIA and Amazon (February 2026)
Feb 27, 2026 · The $110 billion announced on February 27, 2026 from SoftBank, NVIDIA and Amazon is part of this round.
OpenAI revolving credit facility (October 2024)
Oct 3, 2024 · OpenAI says it expanded its existing revolving credit facility. The $4 billion facility of October 2024 is counted in the expanded amount.
Sources
- OpenAI, “OpenAI raises $122 billion to accelerate the next phase of AI”, Mar 31, 2026 · retrieved Oct 21, 2026
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