# OpenAI closes initial $11 billion funding, Reuters reports

> The initial portion leaves terms uncertain.

By BIGCHANGE.AI Editorial

Published: 2026-11-07T11:15:38.288Z
Updated: 2026-11-07T11:15:38.288Z
Canonical: https://bigchange.ai/blog/openai-reported-initial-11-billion-funding

![Conceptual illustration of investment in AI computing infrastructure](https://bigchange.ai/api/media/file/ai-infrastructure-concept.png)
AI-generated conceptual illustration; not an actual OpenAI facility or transaction.

Reuters reported on November 6 that OpenAI closed an initial $11 billion at a $1.25 trillion valuation, citing a source.

## The big change

- Final round and terms remain uncertain.
- The reported valuation's pre- or post-money basis is unspecified.
- OpenAI's earlier, company-announced financing provides context, but its committed capital is not a statement that every dollar has been received.

## What has been reported

[Reuters](https://www.channelnewsasia.com/business/openai-gets-11-billion-funding-125-trillion-valuation-source-says-6532301) cited a person familiar with the deal; Bloomberg reported earlier. Two investors told Reuters that SoftBank and MGX participated, the original target was up to $30 billion and the valuation initially sought was $1.5 trillion.

The distinction matters to readers evaluating the deal. Funding is money supplied under an investment agreement; a valuation expresses a value assigned to the company in that transaction. Without the securities' terms, ownership and whether the valuation includes the new capital, the headline numbers alone cannot establish the stake purchased or their effect on existing holders.

## The earlier round

On March 31, [OpenAI announced](https://openai.com/index/accelerating-the-next-phase-ai/) that it had closed a separate round with $122 billion in committed capital at an $852 billion post-money valuation. The company named several investors and said it had expanded a credit facility that remained undrawn at closing. Commitments and an undrawn facility are different from cash received or debt already borrowed.

OpenAI said that financing would support continued investment, including in computing infrastructure for research and product deployment. The new report does not specify how the proceeds will be allocated. The earlier post-money figure and the new reported valuation also cannot be treated as an exact like-for-like comparison while the newer valuation's basis is unspecified.

For businesses building on AI services, the financing is relevant because access to capital can support the expensive infrastructure behind model training and operation. The available reporting does not establish future spending, product prices or a change to service availability.

## Sources

- [Reuters: OpenAI funding](https://www.channelnewsasia.com/business/openai-gets-11-billion-funding-125-trillion-valuation-source-says-6532301) — Reuters cites people familiar with the financing; no company confirmation in this report.
- [OpenAI: March funding round](https://openai.com/index/accelerating-the-next-phase-ai/) — Separate company announcement of commitments and post-money valuation.