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Khosla Ventures has raised $ 405 million for OpenAI , harmonise to a regulative filing .
Based on the filing alone , Khosla ’s stake in the ChatGPT maker looks like at least 6 % of the$6.6 billion roundthe society closed last week . But that does n’t think of Khosla has put substantial or any upper-case letter into the turn . The legal age or possibly all of the $ 405 million was pooled from other investors through aspecial function vehicle(SPV ) .
SPVs are used when a firm does n’t have enough capital to fill a round , or when it has enough exposure to a party and offers its allotment to others clamor for a stake .
Khosla Ventures refuse to notice , so we do n’t know the terms of its involvement in OpenAI ’s last round , which valued the house at $ 157 billion . Either means , OpenAI has been good to Khosla Ventures , which invested $ 50 million in the society in 2019 , for what The Information has since reported was5 % ownership . OpenAI ’s valuation at the time is n’t in public known , but probably it was importantly low-toned than the $ 29 billion evaluation OpenAI reportedly garnered in 2023 , when Microsoft invested $ 10 billion .
