Thrive Holdings Raises $2 Billion to Bring AI to the Enterprise

AI-Driven Private Equity Firm Expands Services Beyond Accounting and IT

Thrive Holdings, a private equity firm backed by OpenAI, has raised $2 billion in new funding at a $12 billion valuation from investors like SoftBank, D1 Capital Partners, and Altimeter Capital. The company plans to use the funds to expand its services beyond accounting and information technology, with a focus on physical assets and regulatory services.

Thrive Holdings is akin to a private equity firm for AI, buying traditional businesses like accounting firms and implementing AI into their workflows.

Thrive has so far focused on accounting and information technology, but part of the new funding will go towards launching a new vertical in physical assets. Key to this strategy is Thrive's close relationship with OpenAI.

The firm is a spinout of Thrive Capital, one of OpenAI's major investors. In December 2025, OpenAI took an ownership stake in Thrive Holdings.

Part of the deal involved OpenAI 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, and may help explain investor enthusiasm behind Thrive's latest fundraise.

• The raise comes off the back of proven success for Thrive's companies, which has surpassed 70 businesses on the Holdings platforms.

• Current, Thrive's accounting arm, has more than 50 firms and over 2,000 professionals on its platform.

• Shield, Thrive's information technology arm, has around 20 companies on the platform.

Thrive's AI products have shown promising results, with Current's self-improving tax agents, dubbed TaxAI, processing over 7,000 tax returns at 98% accuracy. Shield's AI products have sped up help desk resolution times by 36x, and the platform has doubled the number of custom AI agents deployed in the last month.

Part of the new funding will help Thrive launch a third platform focused on regulatory services for the built environment.

This new platform will help compress regulatory bottlenecks, keep safety standards high, and do it with less of a burden to the actual building of that and help it do it more efficiently, lower cost and do it faster

Thrive's focus on physical assets and regulatory services is timely, given the need for the U.S. to build and modernize more critical infrastructure. The company's AI-driven approach can help ease manual workflows like research, reporting, permit preparation, inspection documentation, and compliance tracking.