OpenAI Secures Additional $10B — Record Funding Round Hits $120B+ at ~$850B Valuation, Likely Last Private Round Before IPO

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OpenAI CFO Sarah Friar announced on March 24 that the startup has raised an additional $10 billion from Andreessen Horowitz, D.E. Shaw, MGX, TPG, T. Rowe Price, and Microsoft, bringing its record fundraise to 'north of $120 billion' at approximately $850 billion valuation. This builds on the initial $110 billion tranche from February (including $50B from Amazon, $30B each from Nvidia and SoftBank) and is widely viewed as potentially OpenAI's last private raise before a blockbuster IPO.