OpenAI — The Development Company: $4B+ AI Professional Services Venture

OpenAI raised over $4 billion for a new professional services entity — The Development Company — from a 19-firm syndicate led by TPG. The vehicle competes directly with McKinsey, Bain and Capgemini as a consulting distribution channel for deploying AI at enterprise scale. Alongside this, OpenAI acquired Tomoro for approximately 150 Forward Deployed Engineers. The move mirrors Anthropic's contemporaneous PwC alliance but with a different structure: OpenAI is building its own services bench rather than embedding within an existing firm.