OpenAI’s gobsmacking US$6.6 billion (A$9.5 billion) raise, announced last week at a US$157bn (A$230bn) valuation, has a small slice of Australia on the cap table, with Melbourne fund manager Boman Group chipping in A$10 million.
The record raise for the San Francisco-based artificial intelligence (AI) startup was led by Josh KuschUS VC Thrive Capital with chipmaker Nvidia, Japan’s SoftBank Microsoft, Khosla Ventures and Abu Dhabi’s MGX among its heavy-hitting investors.
Boman was founded in 2011 by Eric Gao and Julius Wei as BMY Group, then rebranded in 2024. It currently has around $600 million in assets under management, offering high-net worths, especially from Asia, a range of fixed income, private equity, and IPO investment options.

