Private Market View

OpenAI

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

PA Mark · $/share
$688
Sep 2026
Implied valuation
$475.5B
Total raised
$178.1B
Last round
Debt - General
Jul 2026
What is OpenAI worth?
$475.5Bimplied by the PA Mark · Sep 2026

OpenAI last raised $520.0M in its Debt - General (Jul 2026).

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Valuation timeline

10 marks · Jan 2023 – Sep 2026
Secondary Transaction - Private8 roundsPA Mark
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Funding history

24 rounds
DateRoundRaisedPost-money
Jul 2026Debt - General$520.0M
Jun 2026IPO
Mar 2026Later Stage VC$122.0B
Dec 2025Later Stage VC
Oct 2025Secondary Transaction - Private$6.6B
Mar 2025Series F$40.0B
+ 18 earlier rounds · a free account shows the full history

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, we compose those signals into the PA Mark — a weighted composite of 13 recent pricing inputs, decayed by age and reset on new rounds. The implied valuation multiplies the mark by shares outstanding. Full methodology →

Frequently asked

What is OpenAI worth?
OpenAI's implied valuation is $475.5B, based on the PA Mark composite price of about $688 per share as of Sep 2026.
How much has OpenAI raised?
OpenAI has raised $178.1B in total funding across 24 recorded rounds.
When did OpenAI last raise?
OpenAI last raised in Jul 2026 (Debt - General), raising $520.0M.