TechFlow news, October 12 — According to sources familiar with the matter and a regulatory filing, venture capital firm Khosla Ventures has raised a $405 million special purpose vehicle (SPV) to invest in OpenAI's $6.6 billion funding round.
The SPV will be funded by Khosla Ventures and external investors, according to insiders. While venture capitalists typically back startups, they also pool capital through SPVs to participate in later-stage funding rounds.
Khosla Ventures previously invested in projects including Calimero Network, a blockchain infrastructure company within the NEAR ecosystem; Worldcoin; investment app Seashell; and Chain (XCN).
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