Confidential - Do not share without permission
Back
Confidential - Do not share without permission
Back
Performance
-
-
OpenAI is an AI research organization who's mission is to develop "safe and beneficial" artificial general intelligence, which they define as highly autonomous systems that outperform humans at most economically valuable work.
Memo Highlights
Round
Secondary ($180/ppu - $104B valuation)
Investors
Microsoft, Andreessen Horowitz, Founders Fund, Sequoia Capital, Thrive Capital, Tiger Global, SV Angel
Date
Sept 2024
Questions
team@joinbeyond.coConfidential
Do not share
Deck only available via Desktop
Highlights
OpenAI has achieved a staggering $3.4B in ARR (May 2024), marking a phenomenal 580% increase year-over-year from $2B at the close of 2023. This indicates they could reach $5B+ ARR by the end of 2024. We are excited to have secured an exclusive $1M allocation with attractive terms of $180/ppu (valuation ~$103B). OpenAI is one of the most sought-after stocks globally and is poised to increase significantly in the coming years.
(Memo hiden as round is now closed)
Memo
OpenAI has achieved a staggering $3.4B in ARR (May 2024), marking a phenomenal 580% increase year-over-year from $2B at the close of 2023. This indicates they could reach $5B+ ARR by the end of 2024. We are excited to have secured an exclusive $1M allocation with attractive terms of $180/ppu (valuation ~$103B). OpenAI is one of the most sought-after stocks globally and is poised to increase significantly in the coming years.
(Memo hiden as round is now closed)