OpenAI-backed Thrive Holdings raises $2B to bring AI to the enterprise

Thrive Holdings has secured a $2 billion investment at a valuation of $12 billion from prominent investors such as SoftBank, D1 Capital Partners, and Altimeter Capital. This private equity firm specializes in integrating AI into traditional businesses, with a current portfolio of over 70 companies. The company has cultivated two main platforms: Current, an accounting service, and Shield, an IT support service.

Recent successes include TaxAI, which processed over 7,000 tax returns with 98% accuracy and reduced preparation times by over 30%, and Shield, which expedited help desk resolution times by 36 times. The latest round of funding will enable Thrive to expand into a new vertical: regulatory services for physical assets. Thrive Holdings is a spinoff of OpenAI's major investor, OpenAI, which took an ownership stake in the company in December 2025.

As part of the deal, OpenAI provided employees to help Thrive accelerate AI adoption. This hands-on approach to implementing AI has proven successful and may have contributed to investor interest in Thrive's latest fundraising effort. The company's expansion into regulatory services for the built environment, which includes infrastructure projects like data centers, manufacturing facilities, healthcare systems, power plants, water treatment facilities, transportation networks, and other critical infrastructure, will leverage AI to streamline manual workflows, improve compliance, and maintain high safety standards.