OpenAI-backed Thrive Holdings has secured $2 billion in funding to expand its enterprise AI offerings. The round values the company at $12 billion.
SoftBank, D1 Capital Partners, and Alitmeter Capital led the investment in Thrive Holdings, an enterprise software company backed by OpenAI. The funding round brings the company's valuation to $12 billion, reflecting investor confidence in its AI-powered business solutions.
Thrive Holdings develops software designed to integrate artificial intelligence capabilities across enterprise operations. The company leverages OpenAI's technology to power its platform, positioning it at the intersection of corporate AI adoption and large language models.
The $2 billion raise signals accelerating competition in the enterprise AI space, where established software vendors and startups compete to help organizations deploy AI at scale. Major investors like SoftBank have prioritized AI infrastructure and applications as a growth area.
Thrive Holdings joins a growing list of AI-focused companies raising substantial funding rounds as enterprises increasingly seek to incorporate artificial intelligence into their operations.
Form Energy has secured $750 million in funding to expand manufacturing of its long-duration energy storage batteries. The company counts Google and Crusoe Energy as customers for its 100-hour battery systems.
Lovable, an AI-powered web development platform, secured $400 million in new funding at a $13.3 billion valuation. The round follows the startup's achievement of $500 million in annualized run rate revenue this June.
Colombian payments infrastructure startup Yuno secured $45 million in Series B funding led by Andreessen Horowitz and Tiger Global. The capital will fund global expansion and the company's path to profitability.
AI code review startup CodeRabbit secured $143 million in Series C funding co-led by Atomico and Smash, reaching a $1.5 billion valuation. The round comes less than a year after the company raised $60 million in Series B.