OpenAI-Backed Thrive Holdings Secures $2 Billion to Revolutionize Enterprise with AI
Thrive Holdings has secured $2 billion in fresh funding, achieving a valuation of $12 billion, with significant backing from investors like SoftBank, D1 Capital Partners, and Altimeter Capital.
Operating similarly to a private equity firm focused on artificial intelligence, Thrive Holdings acquires traditional businesses, including accounting firms, and integrates AI into their processes. While the company has primarily concentrated on accounting and IT sectors thus far, a portion of the recent funding will be aimed at launching a new division centered on physical assets. A vital aspect of this initiative is Thrive’s strategic partnership with OpenAI.
The news was initially reported by The New York Times.
Thrive Holdings emerged as a spinoff from Thrive Capital, a significant investor in OpenAI. In December 2025, OpenAI acquired an ownership interest in Thrive Holdings, which included sending employees to assist Thrive’s partnered companies in accelerating their AI integration.
This proactive approach to AI implementation has evolved into a thriving business model, which likely contributed to the excitement among investors during Thrive’s recent fundraising efforts. OpenAI and Anthropic have both teamed up with prominent private equity firms to create initiatives like The Deployment Company and Ode with Anthropic, which focus on embedding engineers within companies to apply AI solutions effectively.
The fundraising follows the demonstrated success of Thrive’s portfolio, which includes over 70 companies. Thrive’s efforts have been supported by two main divisions: Current, their accounting sector with over 50 firms and 2,000-plus professionals, and Shield, their IT sector, which comprises about 20 companies.
Current’s innovative tax agents, known as TaxAI, processed over 7,000 tax returns with a remarkable 98% accuracy rating, reducing tax preparation times by more than 30% at participating firms, according to Thrive. Moreover, Shield’s AI tools have drastically accelerated help desk response times, achieving a 36-fold increase, while the number of custom AI agents on the platform has doubled recently.
Part of the recent funding will support the development of a third platform aimed at regulatory services for physical assets, as described by a company spokesperson: “This pertains to the processes involved in obtaining approvals, building, certifying, and maintaining physical assets in operation.”
“In the U.S., there’s a pressing need to develop and upgrade critical infrastructure, yet many projects face hurdles due to local, technical, and regulatory complexities,” explained Anuj Mehndiratta, a founding member of Thrive Holdings. “This challenge spans across various sectors, including data centers, manufacturing, healthcare, energy, water, transportation, and other essential infrastructure.”
Thrive excels in navigating such complexities, particularly in large-scale, operationally intricate, and fragmented settings. While Mehndiratta acknowledges that AI won’t substitute fieldwork or expert judgment, it can significantly streamline manual tasks such as research, reporting, permit management, inspection documentation, and compliance tracking.
“We believe that AI, in collaboration with professionals from these industries, can substantially mitigate regulatory delays, uphold safety standards, and accomplish objectives more efficiently, at a lower cost, and at an accelerated pace,” Kareem Zaki, another founding member of Thrive Holdings, noted in a statement.
