The biggest private funding round in history just closed, and for the first time everyday investors got a seat at the table.
“At this stage, we are growing revenue four times faster than the companies who defined the Internet and mobile eras, including Alphabet and Meta,” OpenAI said on Tuesday. The company confirmed it closed a $122 billion funding round at a post-money valuation of $852 billion. That is up from the $110 billion figure announced back in February. SoftBank co-led the round alongside Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price Associates. Amazon, Nvidia, and Microsoft also participated.
For the first time ever, individual investors got access. Over $3 billion came through bank channels from retail investors. OpenAI is also being added to several ARK Invest ETFs. Both moves are clearly designed to broaden its shareholder base before a widely anticipated IPO.
The numbers OpenAI shared read more like an IPO filing than a funding update. ChatGPT now has over 900 million weekly active users and more than 50 million subscribers. The company is generating $2 billion in revenue every month. Its ads pilot alone crossed $100 million in annual recurring revenue in under six weeks. Enterprise now makes up more than 40% of total revenue and is on track to match consumer revenue by the end of 2026.
OpenAI also expanded its revolving credit facility to $4.7 billion, backed by JPMorgan Chase, Goldman Sachs, Morgan Stanley, and other top global banks. The facility remains undrawn. That signals the company is building financial flexibility rather than covering near-term costs. The money will go toward AI chips, data centers, and hiring as OpenAI scales across cloud and chip partners including Nvidia, AMD, AWS, and its own custom chip built with Broadcom.
GPT-5.4, its latest model, is driving record engagement across enterprise workflows. Codex now serves over 2 million weekly users, up five times in just three months. OpenAI’s APIs process more than 15 billion tokens per minute. The company is pushing toward a unified AI superapp combining ChatGPT, Codex, browsing, and agentic tools into one platform.
Despite the historic scale, OpenAI is still not profitable. It is burning significant cash on compute and infrastructure. CEO Sam Altman faces real pressure to justify the valuation as the company moves closer to public markets.
OpenAI closes a record $122 billion funding round at an $852 billion valuation, with retail investors participating for the first time as the company builds toward a historic IPO.
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