SEC filing: OpenAI invests ~$400M in its second startup fund, after it raised $175M for its first fund in 2021 from outside investors, including Microsoft (Sarah Klearman/Wall Street Journal)
OpenAI is putting its own capital behind the new fund.
The SEC filing shows OpenAI investing about $400 million in its second startup fund. Its first fund raised $175 million in 2021 from outside backers, including Microsoft. The note frames the new filing as a shift from the earlier outside-investor structure. Techmeme's note
The SEC filing shows OpenAI investing about $400 million in its second startup fund. Its first fund raised $175 million in 2021 from outside backers, including Microsoft. The note frames the new filing as a shift from the earlier outside-investor structure. Techmeme's note
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