Apr 29, 2023

OpenAI closes $300M share sale at $27B-29B valuation

Posted by in category: robotics/AI

VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global picking up new shares, according to documents seen by TechCrunch. A source tells us Founders Fund is also investing. Altogether the VCs have put in just over $300 million at a valuation of $27 billion — $29 billion.

Updated to note that the Microsoft investment closed in January. The money from VCs reported here, part of a tender offer, is separate to that.

OpenAI, the startup behind the widely used conversational AI model ChatGPT, has picked up new backers, TechCrunch has learned.

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