Thrive Holdings Raises $2bn at a $12bn Valuation

Thrive Holdings raises $2bn at a $12bn valuation

Almost every AI business sells a product. Someone builds a model or a tool, licenses it, and hopes the customer works out what to do with it. Thrive Holdings inverts that. It buys accounting firms and IT services companies outright, puts its own engineers inside them, and rebuilds how the work gets done. It now […] This story continues at The Next Web

Thrive Holdings Raises $2 Billion at $12 Billion Valuation to Expand AI Into Traditional Industries

Thrive Holdings has raised more than $2 billion in new funding at a $12 billion valuation as it expands its model of acquiring traditional service businesses and rebuilding their workflows around AI. The round includes new investors D1 Capital Partners, Altimeter Capital, and SoftBank Group, bringing total capital raised since the company’s formation to more than $3 billion. Thrive Holdings was spun out of Thrive Capital and currently focuses on…

Josh Kushner’s Thrive Holdings raises $2B at a $12B valuation to turn AI into a private equity strategy

Thrive Holdings raised $2 billion at a $12 billion valuation, led by SoftBank, D1 Capital, and Altimeter The company is applying AI to traditional businesses, using a private-equity-style model to acquire accounting and IT firms and embed AI into their workflows. OpenAI holds a stake in Thrive Holdings and has embedded its own staff inside the firm’s acquisitions. Joshua Kushner has spent 16 years building Thrive Capital into one of the most c…