NEW YORK: OpenAI is nearing a deal to raise about US$10bil from venture investors, according to people familiar with the matter, bringing the total haul from its latest funding round to more than US$120bil.
In an interview on Tuesday on CNBC, OpenAI chief financial officer Sarah Friar confirmed that the company was tapping investors for the additional funds.
Andreessen Horowitz, Abu Dhabi’s MGX, D.E. Shaw Ventures, TPG and T. Rowe Price will co-lead the financing, which is set to close next week, the company told Bloomberg on Tuesday.
Coatue Management, Thrive Capital and Altimeter Capital are also set to participate in the round at a US$730bil valuation, not including the money raised, said the people, who spoke on condition of anonymity to discuss private information.
OpenAI investor Microsoft Corp will participate in this deal, Friar said in the interview, calling the company an “incredible partner.” — Bloomberg
