OpenAI Secures $11B of $30B Fundraising Target
OpenAI has secured about $11 billion toward its $30 billion fundraising target, according to The Wall Street Journal as cited by The Decoder. The round valued the company at $1.25 trillion, below its $1.4 trillion goal, while OpenAI reportedly plans to raise up to $20 billion from family offices and high-net-worth individuals. An early-2027 IPO is also under consideration, but its timing remains unconfirmed.
The shortfall marks a material change in the funding outlook of a leading AI company as major investors reportedly grow more cautious.
OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite
Matthias Bastian View the LinkedIn Profile of Matthias Bastian
Oct 31, 2026
OpenAI raised less than half of its $30 billion fundraising target in its latest round. The company has secured about $11 billion so far, according to the Wall Street Journal. Its valuation landed at $1.25 trillion, short of the $1.4 trillion it was aiming for. The gap reportedly comes down to fading interest from major investors amid a tech sell-off driven by weak quarterly results from Google, Amazon, and Intel. OpenAI now plans to raise up to $20 billion from family offices and high-net-worth individuals. The company is reportedly planning an IPO early next year.
Rival Anthropic has been growing revenue faster lately and could go public as early as November. A strong IPO could leave Anthropic with well over $100 billion in capital to weather any rough stretch ahead. OpenAI has clawed back some market share recently, but the competition goes back and forth. OpenAI especially has been pushing hard with price cuts and more efficient models to hold its ground.