OpenAI launches $4bn Deployment Company with TPG, Advent, Bain, and Brookfield
OpenAI has set up a new venture called OpenAI Deployment Company, with more than $4bn in initial funding from a syndicate of 19 firms led by TPG and including Advent International, Bain Capital and Brookfield as co-lead founding partners, the company said on Monday.
The new entity, which will be majority-owned and controlled by OpenAI, has been formed to embed frontier-AI engineers inside enterprise customers and to oversee complex multi-team deployments of OpenAI’s models.
To staff it at speed, OpenAI is acquiring Tomoro, a London-based AI consulting firm formed in 2023 that already counts Mattel, Red Bull, Tesco, and Virgin Atlantic among its clients.
The structure reads as part joint venture, part consulting acquisition, part response to Anthropic. OpenAI’s products have sold strongly to consumers; ChatGPT is the most-used AI application in history.
But enterprise contract conversion, the segment that pays the highest revenue per customer and that drives the...
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