OpenAI Raises $110B at $840B Valuation — Amazon ($50B), Nvidia ($30B), SoftBank ($30B) Largest Private Round Ever

TechCrunch·medium signal

OpenAI closed a $110B funding round on February 27 led by Amazon ($50B, including $35B milestone-contingent), Nvidia ($30B), and SoftBank ($30B) at an $840B post-money valuation — the largest private venture financing in history. Alongside the round, OpenAI expanded its AWS partnership by $100B over 8 years and will bring enterprise AI tools directly to AWS customers. Microsoft notably did not participate. OpenAI's annualized revenue is $25B+ and the company is targeting a $1T IPO.