OpenAI-Backed Thrive Holdings Raises $2B to Expand AI Enterprise Services

Thrive Holdings, a private equity firm specializing in AI, has successfully secured $2 billion in funding, achieving a valuation of $12 billion. Notable investors include SoftBank, D1 Capital Partners, and Altimeter Capital. The company, which focuses on acquiring conventional businesses like accounting firms to enhance their operations with AI, intends to allocate some of the capital towards a new initiative centered on physical assets and regulatory services for the built environment. Thrive, a spinout from Thrive Capital—an important investor in OpenAI—has a strong partnership with OpenAI, which acquired a stake in December 2025. Thrive's platform features Current, its accounting division with over 50 firms and 2,000 professionals, and Shield, its IT division with approximately 20 companies. Current's TaxAI has processed more than 7,000 tax returns with 98% accuracy, cutting preparation times by over 30%, while Shield's AI solutions have improved help desk resolution speed by 36 times. The new regulatory services platform will tackle intricate processes related to approval, construction, certification, and operations for physical infrastructure, as noted by founders Anuj Mehndiratta and Kareem Zaki. This funding round follows the success of over 70 businesses within the Holdings platform. The New York Times was the first to report on this development.