- Published on November 8, 2025
- In Global Tech
IPO? No Thanks
Why the world’s biggest AI companies are choosing to stay private — and what it means for capital markets.
- By Supreeth Koundinya
AI companies may not run out of funds from private markets anytime soon—but they might exhaust the alphabet first.
Databricks raised $1 billion in August, announcing it as a “Series K” funding round. In venture capital, that's rare enough to signal something fundamental has shifted.
Anthropic secured $13 billion in Series F funding. OpenAI raised $8.3 billion in its latest round.
Despite speculation about an imminent IPO for OpenAI, CFO Sarah Friar has made it clear that a public listing isn’t on the horizon.
“We are continuing to get the company into a state of constantly stepping up into the scale we are at, so I don’t want to get wrapped around an IPO axle,” Friar told The Wall Street Journal.
That phrase — not wanting to get wrapped around an
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Supreeth Koundinya
Supreeth is an engineering graduate who is curious about the world of artificial intelligence and loves to write stories on how it is solving problems and shaping the future of humanity.
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