OpenAI has secured roughly $11 billion in its latest funding round, far short of the original $30 billion target, and has cut its valuation target to $1.25 trillion while lowering the overall funding goal to $20 billion (TechCrunch, “OpenAI reportedly lowers funding target for new round”, 31 October 2026).
How much funding has OpenAI raised in its latest round?
OpenAI has raised about $11 billion so far, according to people familiar with the deal (Wall Street Journal, “OpenAI Raises Less Than Half of $30 Billion Target in Latest Round”, 30 October 2026). The amount represents less than half of the $30 billion initially sought.
What is the new funding target for OpenAI’s round?
The company now aims to raise $20 billion in total, with a first close expected to be lower than that figure (TechCrunch, “OpenAI reportedly lowers funding target for new round”, 31 October 2026). A subsequent retail offering for wealthy individuals could bring the total to the $20 billion target.
What valuation is OpenAI aiming for after the funding round?
OpenAI is targeting a $1.25 trillion valuation for the round, down from a previously floated $1.4 trillion price tag (Financial Times, “OpenAI trims valuation target to $1.25tn after pitching higher price”, 22 October 2026). The revised valuation still represents a roughly 50 percent increase over the company’s current $852 billion market cap.
Who is leading the new funding round?
Investors from the United Arab Emirates are leading the current round, according to the Financial Times (Financial Times, “OpenAI trims valuation target to $1.25tn after pitching higher price”, 22 October 2026). A later retail tranche may involve additional high‑net‑worth participants.
Funding and Valuation Summary
| Metric | Original Figure | Revised Figure | Source |
|---|---|---|---|
| Funding target | $30 billion | $20 billion | TechCrunch |
| Amount raised to date | – | $11 billion | Wall Street Journal |
| Valuation target | $1.4 trillion | $1.25 trillion | Financial Times |
| Current market cap | $852 billion | – | Financial Times |
Sources
- TechCrunch — OpenAI reportedly lowers funding target for new round — report on lowered funding and valuation targets.
- Financial Times — OpenAI trims valuation target to $1.25tn after pitching higher price — details on valuation cut and UAE investors.
- Wall Street Journal — OpenAI Raises Less Than Half of $30 Billion Target in Latest Round — amount raised and valuation figure.
- Yahoo Finance — OpenAI Just Cut Its Valuation Target by $150 Billion — summary of valuation reduction.