OpenAI closes $15B funding round as Anthropic IPO demand hits six times
11/11/2026 — 11/13, 20:21·9 sources (all)·14 reports (all)·In the 2026-11-11 briefing
Key takeaways
- OpenAI is raising $15B in a new private round at a pre-money valuation of $1.25T to prepare for a possible 2027 IPO, though the deal has not…
Background & analysis
On November 11, 2026, OpenAI told investors that third-quarter revenue had risen nearly 50% to about $10 billion, marking the first quarter the company crossed that level. Bloomberg, citing a person familiar with the matter, reported that quarterly revenue hit $10 billion for the first time in the three months ending in September, while The Information framed the rebound as a jump from 17% growth in Q2 to nearly 50% in Q3. OpenAI CFO Sarah Friar added in an interview that annualized revenue was around $50 billion, enterprise revenue doubled quarter over quarter, consumer revenue grew 20%, subscriber counts passed 100 million, and weekly active users reached 1.2 billion.
The financials also showed OpenAI is not yet profitable. Leaked documents cited by The Wall Street Journal put the adjusted operating margin at -109%, improved from -150% in Q2. The Information reported that operating losses widened from $10.1 billion to $10.9 billion, so the loss ratio shrank while the absolute loss grew. On the competitive side, IT Home, relaying Bloomberg, said Anthropic posted roughly $17 billion in Q3 revenue, up about 47% quarter over quarter, a slowdown from more than 140% growth in Q2. The Decoder noted that Anthropic operated more efficiently on that revenue, and that OpenAI was using enterprise price cuts to close the gap.
On the funding side, 36Kr reported on November 11 that OpenAI was seeking to close a new round at a $1.25 trillion valuation. By November 13, 36Kr, citing Jiemian, reported that OpenAI had completed a $15 billion raise at that $1.25 trillion valuation. The available material does not disclose the investors, the use of proceeds, or the transaction timing, so the story currently stands at a completed round with those details still unpublished.
AI-generated from 11 reports
Latest turnAnthropic's initial public offering has reportedly reached about 6x oversubscription, according to Bloomberg. The company and participating shareholders plan to raise up to $64.35 billion through the IPO alongside a $26 billion private placement, targeting a valuation of approximately $1.4 trillion.
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Anthropic's initial public offering has reportedly reached about 6x oversubscription, according to Bloomberg. The company and participating shareholders plan to raise up to $64.35 billion through the IPO alongside a $26 billion private placement, targeting a valuation of approximately $1.4 trillion.
智东西AI score 87OpenAI has reportedly raised $15 billion in a new private funding round at a pre-money valuation of $1.25 trillion, according to CNBC. The opportunistic funding aims to prepare the company for a potential IPO in 2027, as competitor Anthropic prepares for its own public market debut.
IT之家AI score 72OpenAI has raised $15 billion at a $1.25 trillion valuation, according to reports. Details such as the investors involved, the use of proceeds and the timing of the deal were not disclosed. The figure would make it one of the largest funding rounds for an AI company.
36氪AI score 73OpenAI's revenue reached $10bn in the third quarter, up almost 50% from the prior quarter, according to The Information, which says the company shared the figures with investors on Tuesday. Demand for newer models and enterprise products drove the growth, while losses also widened.
The Next WebAI score 70
According to Bloomberg, OpenAI's discussions for a funding round at a $1.4 trillion valuation have fueled venture capital concerns over potential market corrections. Some investors feel the soaring terms for leading AI startups are becoming too lofty.
Bloomberg TechnologyAI score 66According to TechCrunch, OpenAI's quarterly revenue has reportedly exceeded $10B for the first time, marking an almost 50% increase from the $6.7 billion recorded in Q2. This financial milestone reflects the company's rapid scaling and strong market demand.
TechCrunch · AIAI score 72
OpenAI grew quarterly revenue 50% to $10 billion, The Decoder reported, but adjusted operating losses widened to $10.9 billion as spending outran income. The report says Anthropic runs far more efficiently on $17 billion in revenue, and that OpenAI is now pushing an enterprise price war to close the gap.
The DecoderAI score 70OpenAI disclosed $10 billion in Q3 revenue at an investor call, 2.6 times the year-earlier figure, with sequential growth accelerating from 17% to nearly 50%, according to The Information. Operating losses widened to $10.9 billion from $10.1 billion as the company seeks new funding at a $1.25 trillion valuation.
智东西AI score 65OpenAI's third-quarter revenue reportedly reached $10 billion for the first time, up nearly 50% quarter over quarter and about three times the year-earlier figure, according to Bloomberg citing people familiar with the matter. The company said annualized revenue stood at roughly $50 billion by the end of September, while its adjusted operating margin improved from -150% to -109%. Anthropic's Q3 revenue was about $17 billion, up roughly 47%, a sharp slowdown from the prior quarter's growth, the same report said.
IT之家AI score 75OpenAI CFO Sarah Friar announced that third-quarter revenue grew nearly 50% sequentially to $10 billion, with annualized revenue hitting roughly $50 billion. Growth was driven by frontier model R&D and enterprise business, which doubled quarter-over-quarter.
东方财富AI score 79According to reports citing sources, OpenAI has informed investors that its Q3 revenue reached $10 billion, surging nearly 50% quarter-over-quarter. Driven by rebounding demand for its latest models and enterprise products, the company is seeking a new funding round at a $1.25 trillion valuation.
36氪AI score 77According to The Wall Street Journal, leaked documents reveal that OpenAI's adjusted operating margin improved from -150% to -109% between Q2 and Q3 as quarterly revenue grew roughly 50% to $10 billion, though it remains far from profitability.
TechmemeAI score 74According to Bloomberg Technology, OpenAI's quarterly revenue hit $10 billion for the first time in the three months ending in September, driven by strong demand for its latest AI software, according to a person familiar with the matter.
Bloomberg TechnologyAI score 63OpenAI told investors on Tuesday that third-quarter revenue grew nearly 50% to about $10 billion, rebounding from 17% growth in the second quarter, according to The Information, which cited a source. The report links the pickup to demand for the company's newer models.
TechmemeAI score 63
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