We wrote about the venture’s outline last month; Monday’s confirmation closes the funding question. OpenAI confirmed that it has finalised The Deployment Company, a Delaware-domiciled joint venture intended to push its enterprise products into the operating businesses of some of the world’s largest buyout firms. The vehicle is anchored by TPG and supported by Brookfield Asset Management, Advent International, Bain Capital, and Goanna Capital, with a total of 19 investors backing the entity. It is one of the more structurally novel arrangements yet attempted in enterprise AI distribution, and it tells you something about how OpenAI now sees the next phase of its commercial strategy. OpenAI’s own commitment to the venture is up to $1.5bn: a $500m equity contribution at close, with an option to add a further $1bn at a later stage.

Full report : OpenAI has raised $4B billion plus at a $10 billion pre-money valuation for The Deployment Company, a new joint venture that will aim to help businesses adopt OpenAI tools.