OpenAI-backed Thrive Holdings raises $2B to bring AI to the enterprise
Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation from investors like SoftBank, D1 Capital Partners, and Alitmeter Capital.
Thrive Capital
Collecting robot training data is dirty, unglamorous work. Some AI labs are already paying XDOF to do it.
If physical AI is going to match the accomplishments of LLMs, there’s a data problem that needs to be solved.
Helion, the Sam Altman-backed fusion startup, raises $465M to build a power plant for Microsoft
Fusion startup Helion is racing to complete a power plant for Microsoft by 2028. A fresh infusion of cash should help with that.
Bob Iger rejoins Thrive Capital as advisor after Disney exit
The former Disney CEO hold a stake in Thrive, and has previously held the role of the venture partner at the firm.
Physical Intelligence is reportedly in talks to raise $1 billion, again
The deal would effectively double the company’s $5.6 billion valuation in just four months.
Anduril aims at $60 billion valuation in new funding round
The funding round would come less than a year after Anduril’s Series G, which closed in June with $2.5 billion against a $30 billion valuation.
Thrive raises $10B for new fund, its largest yet
Thrive Capital just raised $10 billion for its new fund– nearly double the size of its last fund.
SpaceX vets raise $50M Series A for data center links
Mesh aims to mass-produce optical transceivers for AI data centers.
Physical Intelligence, Stripe veteran Lachy Groom’s latest bet, is building Silicon Valley’s buzziest robot brains
If co-founder Lachy Groom has any doubts, he doesn’t show it. He’s working with people who’ve been working on this problem for decades and who believe the timing is finally right, which is all he needs to know.
OpenAI’s investment into Thrive Holdings is its latest circular deal
Analysts will be watching to see if Thrive-owned firms actually succeed in building long-term profitable businesses using OpenAI’s tech, or if the result is really just pumped up valuations based on speculative market potential.