Thrive Holdings Raises $2B at $12B Valuation to Expand AI Business Roll-Ups

Thrive Holdings pursues a strategy of acquiring established businesses and then introducing AI into their operations. Its current focus spans accounting and information technology services, with more than 70 businesses operating across its platforms.

The company's accounting platform, Current, includes over 50 firms and supports more than 2,000 accounting professionals, Ventureburn reported. Thrive says its TaxAI agents have handled more than 7,000 tax returns with 98% accuracy, and that the tool cut tax preparation time by more than 30%. A second platform, Shield, is focused on information technology services and includes around 20 companies.