OpenAI-backed Thrive Holdings raises $2B to bring AI to the enterprise
Thrive Holdings raised $2 billion in new funding at a $12 billion valuation, with investors including SoftBank and D1 Capital Partners, and has focused on acquiring traditional businesses and integrating AI into workflows. The firm expanded its focus to include physical assets and partnered with OpenAI to accelerate AI adoption, while its platforms have processed over 7,000 tax returns with high accuracy and improved help desk resolutions. Thrive is launching a new regulatory services platform to address complex infrastructure challenges, leveraging AI to streamline manual workflows and reduce costs.
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