OpenAI Spun Out a Venture Arm and Sold 19 Investors a Piece at $10B
OpenAI raised $4B at a $10B valuation for a new entity called The Development Company, with 19 outside investors and no dilution at the parent.
Category
Startups & Funding
Rounds, accelerators, exits, IPOs.
Startups & Funding covers the deal flow that actually moves the tech economy. Seed and Series A rounds where the thesis is interesting, growth-stage rounds where the price is interesting, accelerator cohorts worth watching, and the exits and IPO filings that close the loop.
We report on rounds with the operator's filter: who led, what the post-money implies, what the company sells and to whom, and whether the round buys runway or buys time. We don't do press-release rewrites. If a deal is interesting only because of the number, we'll say that too.
Jordan Beck runs point on this beat, with Sam Whitaker covering the late-stage and public-markets crossover. Expect coverage that respects your time: the round, the read, the next thing to watch.
