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

The raise comes off the back of proven success for Thrive’s companies, which has surpassed 70 businesses on the Holdings platforms. The company has focused on two pillars to date: Current, its accounting arm with more than 50 firms and more than 2,000 professionals, and Shield, its information technology arm with around 20 companies on the platform. 

Current’s self-improving tax agents, dubbed TaxAI, processed more than 7,000 tax returns at 98% accuracy, lowering tax prep times at participating firms by over 30%, according to Thrive. Meanwhile, Shield’s AI products have sped up help desk resolution times by 36x, and the platform has doubled the number of custom AI agents deployed in the last month. 

Part of Wednesday’s fundraise will help Thrive launch a third platform focused on regulatory services for the built environment, described by a spokesperson as: “the work required to get physical assets approved, built, certified, and kept in operation.”

“The U.S. needs to build and modernize more critical infrastructure, but projects are often constrained by local, technical, and regulatory complexity,” Anuj Mehndiratta, a founding member of Thrive Holdings, told TechCrunch. “This applies across data centers, manufacturing, healthcare, power, water, transportation, and other physical infrastructure.”

That sort of complexity is where Thrive, well, thrives — large, fragmented, mission-critical, and operationally complex. While Mehndiratta says AI won’t replace field work, local judgement, or professional sign-off, it can help ease manual workflows like research, reporting, permit preparation, inspection documentation, and compliance tracking. 

“We think AI partnered with a lot of the experts and practitioners at these businesses can really help compress , keep the safety standards high, but also be able to do it with less of a burden to the actual building of that and help it do it more efficiently, lower cost and do it faster,” Kareem Zaki, a founding member of Thrive Holdings, said in a statement emailed to TechCrunch.