- OpenAI introduced it raised $6.6 billion in new funding at a $157 billion post-money valuation.
- Tiger Global Management is a part of this spherical, in line with two sources aware of the matter.
Tiger Global Management is doubling down on OpenAI, investing within the ChatGPT maker’s huge new funding spherical, in line with a supply aware of the matter.
OpenAI introduced Wednesday it raised $6.6 billion in new funding at a $157 billion post-money valuation. Thrive Capital is main the spherical, in line with Bloomberg. Other buyers on this spherical embrace Cathie Wood’s ARK Venture Fund, Microsoft, Nvidia, Fidelity, and Altimeter.
The quantity of Tiger’s funding could not be discovered however buyers are required to place in a minimal of $250 million, The Information beforehand reported.
Tiger Global, based by Chase Coleman, invested at a livid tempo throughout the tech increase, making 335 investments in 2021, in line with Crunchbase. As the market soured, the agency has been a lot quieter, however it did buy $125 million of OpenAI shares on the finish of 2021.
The closure of OpenAI’s new funding spherical comes only a week after three of its high leaders immediately resigned. Last week, former CTO Mira Murati, former Chief Research Officer Bob McGrew, and former VP of Research for Post Training Barret Zoph introduced they have been leaving the corporate.
Reuters reported final week that OpenAI is at the moment working to rework its company construction to change into a for-profit profit company now not beneath the management of the corporate’s non-profit arm.
