Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation, according to TechCrunch. The round includes investments from SoftBank, D1 Capital Partners, and Altimeter Capital. The firm, which operates as a private equity firm for AI, has focused on accounting and information technology but now plans to expand into physical assets. The funding will support the launch of a third platform focused on regulatory services for the built environment. Source: techcrunch
Thrive Holdings has already achieved notable success with its current platforms. Current, its accounting arm, has over 50 firms and more than 2,000 professionals, while Shield, its information technology arm, has around 20 companies on the platform. Current’s TaxAI processed more than 7,000 tax returns at 98% accuracy, reducing tax prep times by over 30% for participating firms. Shield’s AI products have accelerated help desk resolution times by 36 times and increased the number of custom AI agents deployed by double in the last month. Source: techcrunch
Thrive Holdings is a spinout of Thrive Capital, one of OpenAI’s major investors. In December 2025, OpenAI took an ownership stake in Thrive Holdings, and part of the deal involved sending employees to work with Thrive’s companies to accelerate AI adoption. This hands-on model of AI implementation has become a business in its own right, helping explain investor enthusiasm for the latest fundraise. Source: techcrunch
