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OpenAI employees really hit the jackpot recently! According to Bloomberg, the company's valuation skyrocketed by 175% within a year, reaching $86 billion!
Here's the scoop: Reports suggest that OpenAI recently struck a major deal, allowing employees to sell their own shares, which propelled the valuation to $86 billion. This solidifies its position as one of the most valuable startups globally. They had plans for this move last year, but in November, OpenAI's board abruptly replaced the position held by Sam Altman, which disrupted the plan. However, things took a turn when they rehired Altman and reconstituted the board. Reportedly, the deal was led by the investment team at Thrive Capital, who intended to buy up to $1 billion or more worth of shares, whether from employees or other investors.
Before Altman was replaced, there were already investors ready to participate in this deal, including Ashton Kutcher's Sound Ventures, who previously held some shares in OpenAI and naturally seized this opportunity. In April last year, OpenAI completed a financing round, allowing employees to sell shares to investors. They raised a total of $495 million, which was 65% more than the previously mentioned $300 million! Investors valued OpenAI at $27 billion to $29 billion, which is staggering! Even more astonishing, OpenAI is reportedly considering raising funds, which could further increase the company's valuation to over $100 billion! Altman is actively seeking several billion dollars in funding to increase the supply of cutting-edge computing chips globally. |
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Post time 28-2-2024 12:35:58