ChatGPT maker OpenAI has closed the largest VC round of all time.
The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money. Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion, per Crunchbase.
Thrive invested around $1.3 billion, per The New York Times, with an exclusive option to invest up to $1 billion more at the same valuation (through 2025). Microsoft, Nvidia, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, and MGX also participated in the fundraising.
Microsoft reportedly invested a little less than $1 billion, while Nvidia pledged $100 million and SoftBank put in $500 million, reports The Wall Street Journal.