Bloomberg first reported on Friday, November 6, 2026, that OpenAI has closed on $11 billion as the initial part of a new funding round that values the company at $1.25 trillion. TechCrunch, The Verge, and Reuters (via StreetInsider) report the same figures. TechCrunch and The Verge attribute the $11 billion and the $1.25 trillion valuation to Bloomberg; Reuters cites a source familiar with the matter and notes that Bloomberg reported the funding earlier on Friday. The figures below name the outlet that states them. As of November 9, OpenAI's newsroom shows no announcement of this close.
What was reported
Per Bloomberg, as relayed by TechCrunch, the $11 billion is part of a larger funding round that has not closed yet. The Verge says OpenAI is still pursuing additional investments. Investing.com's write-up of the same Bloomberg story says the funds were reportedly transferred to the company on Friday, November 6.
Bloomberg, via TechCrunch, says the round is expected to close in the coming weeks and could total about $20 billion. That $20 billion figure is a possible full-round size that includes the first close, not an amount already raised on top of the $11 billion.
The reports do not label the $1.25 trillion figure as pre-money or post-money. Earlier OpenAI funding language is different: OpenAI's own March 31, 2026 post called that round's $852 billion a "post money valuation." No readable outlet in this set applies that label to the new $1.25 trillion number, so this post does not either.
Who invests, as sourced
Reuters, citing two investors, says SoftBank and MGX participated in the funding. Reuters does not give check sizes for either. TechCrunch and The Verge, which rely on Bloomberg for the close and valuation, do not name investors in the readable text of those pieces. This post therefore names SoftBank and MGX only from Reuters.
What is still open
TechCrunch, citing Bloomberg, describes the $11 billion as part of a larger round that has not closed yet, and about $20 billion as a possible total. Until a final close is reported, the round size is not fixed at either number.
None of the cited outlets says whether later money in the round will come in at the same $1.25 trillion valuation.
How this compares with OpenAI's prior valuation
On March 31, 2026, OpenAI said it had closed $122 billion in committed capital at an $852 billion post-money valuation. The Verge repeats those March figures when it places the new $1.25 trillion next to them. Simple division of the two reported valuations gives about 1.47 times: $1.25 trillion is roughly 47% above the March post-money figure. That arithmetic is ours, not a figure from the reports.
Bloomberg previously reported that OpenAI had aimed higher. TechCrunch says that in late September Bloomberg reported OpenAI was looking to raise $30 billion. The Verge, also citing Bloomberg, says OpenAI had initially hoped for as much as $30 billion at a $1.4 trillion valuation. Reuters, citing two investors, puts the earlier valuation goal at $1.5 trillion and the raise target at up to $30 billion. The $1.4 trillion and $1.5 trillion targets come from different outlets; this post keeps both attributions and does not pick one.
Those earlier targets are not closed terms. The closed, reported facts for November 6 are the $11 billion first close and the $1.25 trillion valuation attached to it.
Why it matters for this round
For this round alone, three sourced points matter.
First, OpenAI raised $11 billion privately after postponing plans for an initial public offering, as Investing.com notes.
Second, Reuters' two investors say the $11 billion raised so far is only a portion of OpenAI's original target of up to $30 billion, and TechCrunch says Bloomberg reported a $30 billion goal in late September. The $1.25 trillion valuation is below the $1.4 trillion that The Verge, citing Bloomberg, says OpenAI had hoped for, and the $1.5 trillion level Reuters' investors say it initially sought. The Verge places those earlier hopes before tech stocks dropped and before the midterm results showed "how much public opinion has turned against AI companies and data center projects." Reuters adds that sentiment toward AI companies has cooled in the last month, with some investors valuing rival Anthropic's planned IPO at about $1.5 trillion, below earlier expectations of roughly $2 trillion.
Third, SoftBank and MGX, named by Reuters as participants, also appeared in OpenAI's March round materials: SoftBank was an anchor and co-lead, and MGX was listed among co-leads, in OpenAI's March 31 post. Reuters does not say whether their November checks are new money, follow-ons, or both.
Other large AI funding stories from early November include Fal's $1.65 billion Series E and F and Meta's €9 billion euro bond debut. Those deals fund different businesses; they are linked here only as recent capital raises.
The cited outlets do not state what OpenAI will spend the $11 billion on.
Sources
- Bloomberg: OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value (paywalled; figures above are attributed through the outlets below)
- TechCrunch: OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation (Nov 6, 2026)
- The Verge: OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO (Nov 6, 2026)
- Reuters via StreetInsider: OpenAI gets $11 billion funding at $1.25 trillion valuation (Nov 6, 2026)
- Investing.com: OpenAI closes $11 billion funding at $1.25 trillion valuation (report citing Bloomberg, Nov 6, 2026)
- OpenAI: Accelerating the next phase of AI (March 31, 2026; $122B at $852B post-money)
