The Information ·

Gimlet Labs raised its $300M round after telling investors OpenAI may spend $100M+ annually on its services; OpenAI says it's not a paying customer yet

Gimlet Labs said late last week it had raised $300 million at a valuation of about $3 billion, in a round led by new investor Andreessen Horowitz.

In this story Gimlet Labs OpenAI

Gimlet Labs raised its $300M round after telling investors OpenAI may spend $100M+ annually on its services; OpenAI says it's not a paying customer yet

Lead Source

The Information — Gimlet Labs raised its $300M round after telling investors OpenAI may spend $100M+ annually on its services; OpenAI says it's not a paying customer yet ↗

How this story grew

Coverage · 0 Discussion · 0

Sep 9Sep 10

Related stories

Bloomberg: Gimlet Labs, which helps customers divide AI tasks across multiple chip types, raised $300M led by a16z at a $3B valuation, six months after an $80M Series A

Wall Street Journal: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks

Financial Times: OpenAI has held early conversations with investors about raising another private funding round at a $1.2T valuation before its planned IPO

New York Times: Investors recently approached OpenAI with a proposal to invest at a $1.2T valuation, but OpenAI believes its valuation should be at least $1.5T

CNBC: OpenAI says its ad business has hit $1B in annualized revenue run rate and is expanding globally, as it touts its "diversified business model" ahead of an IPO

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif