OpenAI Closes $122 Billion Round at $852 Billion Valuation, Setting Silicon Valley Record

OpenAI has completed a record-shattering $122 billion funding round, valuing the company at $852 billion in the largest private financing deal in Silicon Valley history. The round closed on March 31, 2026, and will fuel OpenAI's aggressive push into AI infrastructure, compute capacity, and talent acquisition ahead of a widely anticipated public offering.

The round was anchored by three strategic partners: Amazon agreed to invest up to $50 billion — with $35 billion of that contingent on OpenAI reaching an AGI milestone or completing an IPO — while Nvidia and SoftBank each committed $30 billion. Additional capital came from a16z, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price, with Microsoft continuing its longstanding partnership. In a notable first, OpenAI also raised $3 billion from individual investors through bank channels, reflecting its enormous consumer brand recognition.

The funding comes as OpenAI reports impressive business fundamentals: the company is generating $2 billion in monthly recurring revenue, reached $13.1 billion in annual revenue last year, and now counts more than 900 million weekly active users across its consumer AI products, with over 50 million paid subscribers. CEO Sam Altman has described the capital as essential to building the infrastructure needed for the next generation of frontier AI systems.

With this round, OpenAI is positioned as the most valuable private technology company ever, surpassing previous records by a wide margin. Analysts expect the company to hit public markets before the end of 2026, with this round serving as its final large-scale private raise. The investment signals continued confidence in AI as the defining technology platform of the decade, even as competition from Google, Anthropic, Meta, and xAI intensifies across every segment of the market.