✦ AI AI Company Comparison

OpenAI vs Vapi — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Data for OpenAI last verified: Jun 22, 2026. Vapi: verified Jun 25, 2026.
Metric OpenAI Vapi
Valuation$920.0B$150M
Total Funding$65.4B$180M
IPO StatusPrivatePrivate
SectorArtificial IntelligenceArtificial Intelligence
StagePre-IPOSeries A
HeadquartersSan Francisco, CASan Francisco, CA
CEOSam AltmanJordan Dearsley
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OpenAI

OpenAI is valued at $920B — the world's most valuable AI company, backed by over $65B in funding. The company recently restructured as a Public Benefit Corporation to support its mission of developing safe AGI.

IndustryArtificial Intelligence
StagePre-IPO
IPO StatusPrivate
Valuation$920.0B
Total Funding$65.4B
HeadquartersSan Francisco, CA

Vapi

Vapi is the voice AI infrastructure platform enabling developers to build, deploy, and scale voice AI agents — the Twilio for voice-powered AI applications handling millions of minutes of calls monthly. Valued at $150M with $40M raised, Vapi serves 10K+ developers and competes with Retell, Bland AI, and OpenAI Realtime API. Major AI infrastructure IPO candidate as voice-enabled AI agents replace traditional call centers for customer service, sales, and scheduling.

IndustryArtificial Intelligence
StageSeries A
IPO StatusPrivate
Valuation$150M
Total Funding$180M
HeadquartersSan Francisco, CA

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Frequently Asked Questions

What are the valuations of OpenAI and Vapi? +

OpenAI is valued at $920.0B. Vapi is valued at $150M. Both valuations are based on the most recent private funding rounds tracked by TechStackIPO.

How much has each company raised? +

OpenAI has raised $65.4B. Vapi has raised $180M.

What is the IPO status of OpenAI and Vapi? +

OpenAI is currently private. Vapi is currently private. Track both on TechStackIPO for S-1 filings and IPO announcements.

Are OpenAI and Vapi in the same sector? +

OpenAI operates in Artificial Intelligence, while Vapi operates in Artificial Intelligence.

What are the main differences between OpenAI and Vapi? +

OpenAI is a Artificial Intelligence company valued at $920.0B with $65.4B raised. Vapi is a Artificial Intelligence company valued at $150M with $180M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor data.

How can I invest in OpenAI or Vapi before their IPO? +

Accredited investors can access pre-IPO shares in OpenAI and Vapi through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.