Thrive Holdings Raises $2B at $12B Valuation to Expand AI-Driven Business Acquisition Model
Thrive Holdings, a firm that acquires traditional businesses and integrates AI into their operations, has raised $2 billion in new funding at a $12 billion valuation, with backing from investors including SoftBank, D1 Capital Partners, and Altimeter Capital. Part of the funding will support the launch of a new vertical focused on regulatory services for physical infrastructure. The company has close ties to OpenAI, which took an ownership stake in December 2025 and has sent employees to help accelerate AI adoption across its portfolio companies.