Coatue - GoKawiil

OpenAI nears $30 billion raise at $1.25 trillion valuation led by UAE investors

OpenAI is finalizing a funding round of up to $30 billion that would value the company at $1.25 trillion, excluding the new capital, according to people familiar with the matter. UAE-based investors and Coatue are leading the round, which is being described as a bridge financing ahead of a possible IPO, with signatures targeted by the end of next week.

cnbc.com · 2026-10-22

Lambda raising up to $4B at $14.5B valuation before 2027 IPO

Cloud computing startup Lambda is raising as much as $4 billion at a $14.5 billion pre-money valuation, led by Coatue Management and Blackstone, according to The Wall Street Journal. The round would likely be its last private fundraise before a planned 2027 public listing. A letter to investors shows Lambda's contract backlog jumped from $15 billion in June to $50 billion in September, driven largely by a $35 billion commitment from Anthropic signed in late August.

techcrunch.com · 2026-10-06