OpenAI was founded in 2015 by Elon Musk, Greg Brockman, Ilya Sutskever, Sam Altman, and Wojciech Zaremba. In October 2023, there was a discussion of an OpenAI IPO with Bloomberg News. Despite these discussions, as of September 2024, the company has not officially released any confirmation of an IPO.
Open AI is an artificial intelligence research company working to develop AI with a goal to have a long-lasting positive impact on humans. Per Forge data, Open AI has raised approximately $11.3 billion over seven funding rounds with the most recent funding round on February 16, 2024. Most recently, their investors have included Thrive Capital and Arrowshare Ventures. In previous venture funds in 2021, the company raised $100 million for the Open AI Startup Fund.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/02/2024 | Funding Round | $6.6B | $xx.xx | $157B | ||
Price per Share
$xx.xx
Shares Outstanding
Liquidation Pref Order
Liquidation Pref As Multiplier
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|
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02/16/2024 | Tender Offer | $xx.xx | $80B | Thrive Capital | ||
Price per Share
$xx.xx
Shares Outstanding
Liquidation Pref Order
Liquidation Pref As Multiplier
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Thrive Capital
|
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04/23/2023 | Secondary Transaction | $300MM | $xx.xx | $28B | Sequoia Capital, Andreessen Horowitz, Thrive, K2 Global, Founders Fund | |
Price per Share
$xx.xx
Shares Outstanding
580,000,000
Liquidation Pref Order
Liquidation Pref As Multiplier
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital, Andreessen Horowitz, Thrive, K2 Global, Founders Fund
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