OpenAI-backed Thrive Holdings raises $2B to bring AI to the enterprise
Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation from investors like SoftBank, D1 Capital Partners, and Alitmeter Capital.
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Thrive Holdings, a company backed by OpenAI, raised $2 billion in funding at a $12 billion valuation to expand its business of buying traditional companies and integrating AI into their operations. The company currently operates in accounting and information technology sectors but plans to use the new funding to enter a third vertical focused on regulatory services for physical infrastructure like data centers and manufacturing facilities. Thrive's model involves embedding AI solutions into enterprise workflows, a strategy that has attracted investor interest as both OpenAI and its competitor Anthropic have launched similar billion-dollar ventures pairing AI implementation with private equity approaches. The company's existing platforms have demonstrated measurable results, including tax processing at 98% accuracy and significant improvements in help desk resolution times.
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