Thrive Holdings has raised $2 billion at a $12 billion valuation from investors including SoftBank, D1 Capital Partners and Altimeter Capital, extending a strategy of buying traditional businesses and embedding AI into their operations. The company has built two main platforms so far: Current, an accounting arm that includes more than 50 firms and over 2,000 professionals, and Shield, an IT services arm made up of around 20 technology companies. OpenAI, which took an ownership stake in December 2025, has also sent employees to work directly with Thrive portfolio companies to speed adoption of its tools. Thrive says its accounting platform's TaxAI processed more than 7,000 tax returns with 98% accuracy and cut tax preparation times by more than 30%, while Shield's AI products have reduced help desk resolution times by 36x. The new funding will support further expansion and a third platform focused on regulatory services for the built environment, including permitting, inspection and compliance work tied to projects such as data centers, manufacturing plants and transportation systems. The model reflects a broader push in enterprise AI toward hands-on deployment inside complex industries rather than simply selling software licenses.