The company disclosed the raise alongside updates on its growth, revenue, user base and partnerships with global investors and technology firms.

OpenAI said the round drew support from strategic partners including Amazon, NVIDIA and SoftBank, with continued backing from Microsoft. Other participants included firms such as Andreessen Horowitz, D. E. Shaw Ventures, TPG and T. Rowe Price Associates.

Part of the capital also came through bank channels, with more than $3 billion raised from individual investors.

OpenAI added that its shares will be included in exchange-traded funds managed by ARK Invest, expanding access to the company’s equity ahead of a potential public listing.

The company also expanded its revolving credit facility to about $4.7 billion, supported by a syndicate of global banks. OpenAI said the facility is still undrawn.

In its statement, OpenAI pointed to rapid growth in revenue and usage. It reported monthly revenue of $2 billion and weekly active users exceeding 900 million across consumer AI products, alongside more than 50 million subscribers.

The company said, “We are now generating $2B in revenue per month. At this stage, we are growing revenue four times faster than the companies who defined the Internet and mobile eras, including Alphabet and Meta.”

OpenAI also noted adoption across both consumer and enterprise segments. It said enterprise customers now account for more than 40% of revenue, with expectations that this could match consumer revenue by the end of 2026.

Usage across its tools is increasing, with the company reporting commendable engagement in search, which it said has nearly tripled over the past year. It also stated that its advertising pilot has generated more than $100 million in annual recurring revenue within six weeks of launch.

On the developer side, OpenAI said its APIs process over 15 billion tokens per minute, while its coding tool Codex now serves over 2 million weekly users, with usage rising quickly in recent months.

The firm also referenced its latest model, GPT-5.4, which it said is driving higher engagement across agent-based workflows and enterprise applications.

Compute capacity is foremost to its expansion. OpenAI said its infrastructure strategy now spans multiple cloud providers and chip partners, including Oracle, CoreWeave and Google Cloud on the cloud side, and additional hardware collaborations beyond its long-standing reliance on NVIDIA systems.

The company described its approach as building a wider infrastructure base to support demand, rather than depending on a single provider.

OpenAI also outlined its comprehensive product direction, referring to plans to integrate its tools into a unified AI system. It said it is working towards a combined platform that brings together ChatGPT, Codex, browsing and agent features into a single interface.

The company stated that its long-term aim is to make AI tools easier to use across both personal and workplace settings, while allowing developers and businesses to build on top of its systems.

OpenAI added that its growth shows a mix of consumer adoption, enterprise deployment, developer usage and compute capacity, which together support continued expansion of its products and services.

The $122 billion funding round is one of the largest private capital raises in the technology sector and enables OpenAI to scale further as it prepares for greater market developments.

The fresh round, which was led by Portage, boosts the company’s total equity funding to $105 million and comes after a quick climb in Flex’s numbers over the past year. 

Revenue has surged, and annual payments flowing through the platform have jumped to $3 billion. The company says more owners of middle-market firms are turning to its system to manage both company and personal finances in one place.

Flex’s latest funding closely follows a $200 million debt raise and an earlier $25 million equity injection. It also arrives on the same day the firm launches Flex Elite, an invite-only consumer card positioned as a direct challenger to Amex’s exclusive Centurion card. 

The card sits at the centre of Flex’s aim to act as a “private bank” for business owners with sizeable personal and commercial interests.

The company is targeting owners whose firms generate between $3 million and $100 million in annual revenue, an often-ignored segment that employs roughly two out of every five American workers. 

Many in this group juggle several financial systems at once, a gap Flex says it is now filling with a suite that covers business credit, payments, expense control, personal spending, and back-office tools.

Flex has been developing a range of automated finance agents to support these products. They handle tasks such as underwriting, payments, expense checks and cash management. 

All of these tools feed into what the company calls a central “motherboard” for owners, aimed at giving them a cleaner view of how their businesses and personal finances move each day.

Credit is a major pillar of the company’s strategy. Its underwriting system is designed to assess risk in real time and help Flex serve customers who struggle to get flexible credit from mainstream banks and large fintech firms. 

With more owners taking up Flex’s business credit card, which offers a 60-day interest-free period on spending, they usually adopt other parts of the platform, helping the company scale with fewer staff and lower operating costs.

Outlining the company’s goal, Founder and CEO Zaid Rahman said: “Our mission is to build the private bank ambitious business owners have always deserved.” He added: “Middle-market business owners employ 40% of Americans, but the financial system has never been designed around their complex needs. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally. Unlike many of our FinTech peers who focus on saving large enterprises money, we focus on helping ambitious owners make more money.”

Portage partner Jake Bodanis said the firm is backing Flex because it sees a gap in the market and strong growth potential. “Flex is building a category-defining financial institution,” he said. “The company has proven that middle-market business owners are both massively underserved and extremely valuable customers when given the right financial infrastructure. Flex’s hypergrowth and best-in-class capital efficiency speak to how powerful this model is.”

Flex says it hopes to become the central financial hub for this class of business owners, supporting everything from daily operations to long-term wealth transfers.