Thrive Holdings secures $2 billion to expand AI-driven enterprise services
Thrive Holdings raised $2 billion at a $12 billion valuation, aiming to broaden its AI-focused private-equity model into new sectors such as regulatory services for physical infrastructure.
Thrive Holdings announced a $2 billion financing round that values the company at $12 billion, with participation from SoftBank, D1 Capital Partners, Altimeter Capital and other backers. The firm operates like a private-equity shop that acquires traditional businesses and embeds AI into their operations, currently focusing on accounting and information-technology firms. Its relationship with OpenAI, which took an equity stake in December 2025 and assigns employees to client companies, underpins this model.
The new capital will fund a third vertical dedicated to regulatory services for the built environment, addressing permitting, inspection and compliance challenges across sectors such as power and water. Thrive’s existing platforms have reported notable performance improvements, including TaxAI processing over 7,000 tax returns with 98% accuracy and Shield’s help-desk tools cutting resolution times dramatically. Founders Anuj Mehndiratta and Kareem Zaki emphasized that AI will augment, not replace, field expertise while streamlining complex workflows.
Why it matters
The infusion of $2 billion will accelerate AI adoption across fragmented industries, potentially reshaping how essential infrastructure projects are approved and managed.
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