Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation from investors including SoftBank, D1 Capital Partners, and Altimeter Capital. The firm, a spinout of Thrive Capital and backed by OpenAI, buys traditional businesses like accounting and IT firms and implements AI into their workflows. Part of the raise will fund a new vertical focused on regulatory services for physical infrastructure such as data centers, manufacturing, and power. Thrive's existing platforms include Current, its accounting arm with over 50 firms and more than 2,000 professionals, and Shield, its IT arm with around 20 companies. The company says its TaxAI processed over 7,000 tax returns at 98% accuracy, and Shield's AI products sped up help desk resolution times by 36 times.
Thrive Holdings raised $2 billion at a $12 billion valuation, a major financing event.
Altimeter CapitalPrivate± Mixed
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CurrentPrivate± Mixed
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D1 Capital PartnersPrivate± Mixed
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OpenAIPrivate± Mixed
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Shield Technology PartnersPrivate± Mixed
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Thrive CapitalPrivate± Mixed
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