Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation from investors like SoftBank, D1 Capital Partners, and Altimeter Capital.
Thrive Holdings is akin to a private equity firm for AI, buying traditional businesses like accounting firms and implementing AI into their workflows. So far, Thrive has focused on accounting and information technology, but part of Wednesday’s raise will go towards expanding a new vertical in physical assets. Key to that strategy is Thrive’s close relationship with OpenAI.
