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OpenAI invests ~$400M in second startup fund, SEC filing shows

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According to an SEC filing, OpenAI is investing approximately $400 million in its second startup fund, following a $175 million first fund raised in 2021 from outside investors including Microsoft. The new fund is dedicated to investing in early-stage AI companies.

Coverage timeline

  1. Techmeme
    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)

    Sarah Klearman / Wall Street Journal : 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 — The ChatGPT maker is dedicating $400 million to investing in early-stage AI companies — OpenAI is launching a second startup fund …