OpenAI Closes Record $122 Billion Funding Round as Monthly Revenue Hits $2 Billion

OpenAI has completed what is now the largest private fundraise in history, closing an OpenAI funding round that brought in $122 billion in committed capital and pushed the company's post-money valuation to $852 billion. The raise cements OpenAI's position as the most valuable private company in the world — by a margin that leaves any previous record holder far behind.

A Landmark Round With A-List Backers

Amazon, Nvidia, and SoftBank anchored the round, with Microsoft continuing its longstanding commitment to the company. SoftBank co-led the deal alongside a16z, D.E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price. The roster of additional participants spans the full spectrum of global institutional capital: BlackRock, Blackstone, Fidelity, Sequoia, Temasek, Coatue, and ARK Invest all joined in.

One notable first: OpenAI opened a tranche to individual investors through bank channels for the very first time. That segment alone attracted more than $3 billion, signaling that retail appetite for the company matches what institutions have long demonstrated.

Revenue and User Growth Underpin the OpenAI Valuation

The $852 billion figure is not purely speculative — it is anchored by genuine commercial momentum. OpenAI is now generating $2 billion in monthly revenue, a dramatic acceleration from the $1 billion per quarter reported at the close of 2024. ChatGPT has surpassed 900 million weekly active users and counts more than 50 million paying subscribers.

Engagement metrics are equally striking. OpenAI claims its products draw six times the monthly web visits and mobile sessions of the next largest AI application, and four times the total time-on-app of every other AI product combined. Enterprise customers now account for more than 40% of revenue, and the company expects enterprise and consumer revenue to reach parity before the end of 2026. On the infrastructure side, OpenAI's APIs are processing in excess of 15 billion tokens every minute.

Codex, OpenAI's dedicated coding agent, has emerged as a standout growth driver. The product serves more than 2 million weekly users — a figure that has grown fivefold in just three months.

ChatGPT Revenue and the Superapp Vision

Alongside the funding announcement, OpenAI laid out its near-term product direction. The company is developing what it describes as a "unified AI superapp" that would bring together ChatGPT revenue-generating surfaces — ChatGPT, Codex, web browsing, and agentic workflows — into one cohesive interface. The underlying thesis is that as model capabilities advance, the friction point shifts from raw intelligence to usability, and a single integrated product is better positioned to convert model improvements into user adoption.

Infrastructure Buildout and Credit Facility

OpenAI also expanded its revolving credit facility to approximately $4.7 billion. The facility is backed by JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, and several other financial institutions, and remained undrawn as of March 31.

Compute infrastructure sits at the heart of OpenAI's strategic positioning. Its cloud stack spans partnerships with Microsoft, Oracle, AWS, CoreWeave, and Google Cloud. On the silicon side, the company sources from Nvidia, AMD, AWS Trainium, and Cerebras, while also developing a custom chip in partnership with Broadcom. Data center capacity is being built out through Oracle, SBE, and SoftBank.

Context: Where $852 Billion Sits on the Global Scale

To put the valuation in perspective: $852 billion places OpenAI roughly on par with Berkshire Hathaway's market capitalization, and ahead of Visa, JPMorgan Chase, and Samsung. For a company that did not exist two decades ago, that comparison draws a line under just how dramatically AI has reshaped what markets consider valuable.