Thrive Holdings has completed a new funding round of $2 billion, valuing the company at $12 billion. Investors include SoftBank, D1 Capital Partners, and Altimeter Capital. The company drives enterprise adoption by acquiring traditional industry businesses and integrating AI tools.
Collaborate with OpenAI to advance deployment
Thrive Holdings was spun off from Thrive Capital, a major investor in OpenAI. In December 2025, OpenAI acquired an equity stake in Thrive Holdings. Under the arrangement at the time, OpenAI also planned to assign employees to collaborate with companies under Thrive to accelerate the deployment of AI in specific business applications.
This model, in which engineering teams directly enter enterprises to assist in transforming processes, has recently emerged as a new pathway for AI commercialization. The report notes that OpenAI and Anthropic have also partnered with major private equity firms to drive similar initiatives, with the core approach being the direct integration of AI solutions into enterprise operations.
The platform has covered more than 70 companies.
To date, more than 70 companies are listed on the Thrive Holdings platform, primarily divided into two business lines: the accounting platform Current and the information technology platform Shield.
- Current is now trusted by over 50 accounting firms.
- Involves more than 2,000 professionals
- The Shield platform currently has approximately 20 businesses.
According to data provided by Thrive, Current’s TaxAI has processed over 7,000 tax filings with 98% accuracy, reducing tax preparation time for participating organizations by more than 30%. In IT operations, Shield’s AI product has increased the speed of service desk issue resolution by 36 times.
The new platform targets approval of real-world assets.
A portion of this funding will be used to launch a third platform focused on regulatory services related to real-world assets. The company describes this space as encompassing the various activities required for the approval, construction, certification, and ongoing operation of real-world assets.
Thrive believes that the U.S. still faces significant local, technical, and regulatory complexities in infrastructure sectors such as data centers, manufacturing, healthcare, power, water, and transportation. The company assesses that while AI cannot replace on-site work, local judgment, or professional approvals, it can reduce manual processes in research, reporting, permit preparation, document inspection, and compliance tracking.
From a business perspective, Thrive is attempting to extend AI beyond office software and backend tools into infrastructure and physical asset management scenarios, reflecting continued market confidence in the model of AI transforming traditional industries.