OpenAI

Software Development Applications · San Francisco, CA · Founded 2015 · In IPO Registration

Developer of machine learning systems designed for general-purpose artificial intelligence applications. OpenAI is based in San Francisco, CA and was founded in 2015. It is valued at about $1.16 trillion as of Oct 2026, set by secondary market price, up 36% since its later-stage round in Mar 2026. It has raised $178 billion across 25 recorded rounds; the latest was a $520 million debt round in Jul 2026.

PMV mark · valuation
$1.2T
Oct 2026
Secondary market · $/share
$955
Total raised
$178.1B
Last round
Debt - General
Jul 2026
What is OpenAI worth?
$1.2TPrivateMarketView mark · Oct 2026

Up 36% since its later-stage round, Mar 2026 ($852.0B post-money). The secondary market quotes about $955 per share.

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The prices on OpenAI
  • ·Every dated print: 42 trades with prices and structures
  • ·111 fund marks: filer, period, implied $/share
  • ·The monthly marks chart, 43 months in dollars
  • ·Price per share on 1 round
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Valuation timeline

9 priced rounds · 32 daily marks since · Jan 2023 – Oct 2026
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Secondary Transaction - Privaterounds hold their value until the next priced eventMark, today
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Secondary market

monthly marks · 43 months · Apr 2023 – Oct 2026
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Apr 2023marks: indicative $/share, month-end · as of Oct 15, 2026Oct 2026
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OpenAI funding history

25 rounds
DateRoundRaisedPost-money
Jul 2026Debt - General$520.0M▮
Jun 2026IPO—▮
Apr 2026Later Stage VC$75.0M▮
Mar 2026Later Stage VC$122.0B▮
Dec 2025Later Stage VC$1.0B▮
Oct 2025Secondary Transaction - Private$6.6B▮
+ 19 earlier rounds · a free account shows the full history
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OpenAI valuation

OpenAI is valued at approximately $1.16 trillion as of Oct 2026. The figure is set by secondary market price and confirmed by prints and fund marks. The secondary market quotes about $955 per share. The reference point is its later-stage round in Mar 2026, at a $852 billion post-money valuation; the current figure is up 36% since.

OpenAI ranks first by valuation and first by capital raised among the private companies PrivateMarketView tracks.

Recent activity

In the last 90 days, OpenAI's record added 13 institutional fund marks (latest period Jul 2026).

How much has OpenAI raised?

OpenAI has raised $178 billion across 25 recorded rounds since 2015. The largest was an $8.4 million private secondary transaction in Feb 2025; the most recent was a $520 million debt round in Jul 2026. 9 of the rounds disclosed a post-money valuation.

OpenAI secondary market activity

42 secondary trades in OpenAI shares are on record, between Jan 2024 and Jun 2026. The busiest recent months were Apr 2025 (7 prints) and Apr 2026 (4 prints). Exact dates, prices and structures are available to Pro members.

A monthly secondary-market price series for OpenAI runs from Apr 2023 to Oct 2026 (43 months).

Institutional holders and vehicles

11 SEC-registered funds reported 111 fair-value marks on OpenAI between Apr 2025 and Jul 2026, in their N-PORT filings. The latest fund marks confirm the current valuation. Filer-level marks and implied per-share values are available to Pro members.

In the last 12 months, 9 investment vehicles were formed to buy OpenAI shares, reporting $18.4 million sold to 198 investors across 9 sponsors, per SEC Form D filings (most recent May 2026).

Comparable companies

Comparable software development applications names by valuation on PrivateMarketView: Cursor (Software Development Applications) ($60 billion), Reflection AI ($20 billion) and Nscale ($14.6 billion).

How OpenAI's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For OpenAI, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by secondary market price. Question about this number? Full methodology →

Frequently asked about OpenAI

What is OpenAI worth?
OpenAI is valued at $1.2T as of Oct 2026. Up 36% since its later-stage round, Mar 2026 ($852.0B post-money).
How much has OpenAI raised?
OpenAI has raised $178.1B in total funding across 25 recorded rounds.
When did OpenAI last raise?
OpenAI last raised in Jul 2026 (Debt - General), raising $520.0M.