OpenAI’s $122B Round
OpenAI closed a record $122 billion funding round that values the company at about $852 billion and will bankroll global expansion and chip/data center buildout. The company also leased a 202,000 sq ft industrial site in Richmond to expand into robotics and hardware research. (coindesk.com) (siliconvalley.com) (newssanmiguel.com)
Amazon committed roughly $50 billion, Nvidia about $30 billion and SoftBank around $30 billion as the bulk of the financing. (bloomberg.com) (bloomberg.com) The company opened participation to retail investors through bank channels and raised about $3 billion from individual investors in the process. (cnbc.com) (cnbc.com) The financing closed above the roughly $110 billion total disclosed in February, a round that at the time implied a company valuation near $730 billion. (finance.yahoo.com) (finance.yahoo.com) Multiple outlets described the deal as the largest private funding round on record and the biggest such raise in Silicon Valley history. (coindesk.com) (coindesk.com) County filings show a lease recorded on March 9, 2026 for 1411 Harbour Way South at Brookfield’s Portside Commerce Center in Richmond. (grandviewindependent.com) (grandviewindependent.com) Broker materials and local reporting list the waterfront parcel at roughly 15.75 acres with more than 14,000 amps of available electrical capacity, and note the site was originally built for battery startup Moxion Power before that company’s collapse in 2024. (letsdatascience.com) (letsdatascience.com) OpenAI posted the financing announcement on its company newsroom on March 31, 2026, and had announced a strategic partnership with Amazon in late February that preceded the new investor commitments. (openai.com) (openai.com)
