Thrive Capital
Thrive Capital is an investment firm that builds and invests in internet, software, and technology-enabled companies.
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Fractile secures approximately $250 million chip order from Anthropic, plans to raise about $600 million at a $6.5 billion valuation
Odaily Planet Daily reported that AI chip startup Fractile is in advanced negotiations for a new funding round, planning to raise approximately $600 million at a pre-money valuation of $6.5 billion, a significant increase from its valuation of around $1 billion three months ago. Sources familiar with the matter revealed that this round of financing is expected to be co-led by Lightspeed Venture Partners and Redpoint Ventures; other sources also indicated that Thrive Capital and Founders Fund are participating as co-leads. The funding round has not yet been finalized, and specific terms may still change.Additionally, sources said Fractile has reached a preliminary chip supply agreement with Anthropic worth approximately $250 million, with plans to further expand the contract scale in the future. The related chips are expected to be deployed in 2027. (Bloomberg)
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Thrive Capital invests $215 million in Amazon, positioning for AI shopping and cloud computing growth opportunities
Odaily News - Thrive Capital, the venture capital firm founded by Joshua Kushner, has purchased approximately $215 million worth of Amazon shares, further expanding its investment footprint in public market companies.According to regulatory filings, this investment gives Thrive Capital exposure to Amazon's growth opportunities in artificial intelligence, including agentic AI shopping tools and AI computing infrastructure services for enterprise customers.Earlier this month, Amazon's market capitalization surpassed $3 trillion for the first time, making it the fifth company globally to reach this milestone. The market continues to focus on its development potential in generative AI, cloud computing, and AI-driven e-commerce.Thrive Capital has previously been known for investing in early-stage tech companies, with a portfolio that includes SpaceX, Stripe, and OpenAI. In recent years, the firm has increasingly added positions in publicly listed companies, including Figma, StubHub, and Oscar Health.Earlier this year, Thrive also disclosed to investors that it had purchased approximately $100 million worth of Shopify stock, citing AI technology as a driver of a new wave of growth in the e-commerce sector.This investment signals that Thrive Capital is further transitioning from a traditional venture capital model toward becoming an "investor in core assets of the AI era," sharing in the growth dividends of AI infrastructure and application ecosystems by taking positions in major tech companies. (Bloomberg)
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AI investment platform Thrive Holdings completes $2 billion funding round, with SoftBank among participants
Odaily News: AI investment platform Thrive Holdings has announced the completion of a $2 billion funding round, valuing the company at $12 billion, with participation from SoftBank, D1 Capital Partners, and Altimeter Capital.Thrive Holdings was founded in 2025 by Thrive Capital founder Joshua Kushner. Unlike traditional investment firms, it does not directly invest in AI model development companies. Instead, it primarily acquires traditional service enterprises and integrates AI technology into their business processes to drive efficiency gains. The company had previously secured approximately $1 billion in initial funding. (New York Times)
AI investment platform Thrive Holdings completes $2 billion financing, SoftBank among investors
AI investment platform Thrive Holdings announced the completion of a $2 billion financing round, valuing the company at $12 billion, with participation from SoftBank, D1 Capital Partners, and Altimeter Capital, among others. Thrive Holdings was founded in 2025 by Joshua Kushner, founder of Thrive Capital. Unlike traditional investment firms, it does not directly invest in companies developing large AI models, but primarily acquires traditional service enterprises and integrates AI technology into business processes to improve efficiency. Its goal is to build platforms and products to introduce cutting-edge artificial intelligence into key industries that millions of enterprises and individuals rely on daily. The company had previously secured approximately $1 billion in initial funding.
MoonPay Acquires Glide, a Crypto Infrastructure Company Founded by Former Robinhood Wallet Engineers
: Fintech platform MoonPay has acquired crypto infrastructure startup Glide and will integrate its deposit and routing technology. Financial terms of the transaction were not disclosed. Glide was founded in 2023 by Tushar Soni and Qinyu Tong, both of whom were part of the Robinhood Wallet team. Glide supports over 100 tokens across 30 blockchain networks, helping applications receive deposits from various tokens, wallets, exchanges, and payment sources. Upon completion of the acquisition, Glide's technology will be integrated into MoonPay Deposits, a product already used by applications such as Wallet in Telegram, Moonshot, and Paysafe. MoonPay stated that this transaction is part of its efforts to expand its digital asset infrastructure capabilities. This is the sixth acquisition announced by MoonPay in 2026, following previous acquisitions of Sodot, Decent, DFlow, Entendre, and Dawn Labs. Its investors include Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management, and Coatue.
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OpenAI Founder-Backed Energy Startup Helion Raises $465 Million, Led by Thrive Capital
Helion, a nuclear fusion energy startup backed by OpenAI founder Sam Altman, has announced the completion of a $465 million funding round, led by Thrive Capital. The post-investment valuation has reached $15.5 billion, nearly three times its previous valuation of $543 million. It is reported that the company is dedicated to developing nuclear fusion technology to power data centers and other customers. However, it has yet to prove the feasibility of its technology in actual electricity production. Investors remain highly confident in its potential, and this round of funding will be used to accelerate technology development and commercial advancement. (The Information)
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Coinbase Founder's New Company NewLimit Raises $435 Million in Series C Funding, Valued at $3.1 Billion
: NewLimit, a longevity technology startup co-founded by Coinbase founder Brian Armstrong, announced the completion of a $435 million Series C funding round, achieving a valuation of $3.1 billion. The round was led by Peter Thiel's fund, Founders Fund, with continued participation from Abstract Ventures, Kleiner Perkins, NFDG, Eli Lilly Ventures, Valor Equity Partners, and others. New investors introduced in this round include Thrive Capital, Greenoaks, and Quiet Capital.In 2021, Brian Armstrong, along with former GV partner and bioengineer Blake Byers and stem cell biologist Jacob Kimmel, jointly invested $110 million to establish NewLimit in South San Francisco.
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James Dyett, OpenAI’s head of sales, has departed to join venture capital firm Thrive Capital.
According to CNBC, James Dyett, OpenAI’s head of sales, announced his departure on X (formerly Twitter) on Monday. Dyett joined OpenAI in 2023 and oversaw both enterprise sales and API sales during his tenure. His LinkedIn profile lists his title as “Head of Sales,” while OpenAI refers to him as “Senior Head of Sales.” OpenAI is currently valued by private investors at over $850 billion.
Founders Fund has added approximately $624 million in investment to Anduril, positioning itself in the AI military market.
According to The Information, Peter Thiel’s venture capital firm Founders Fund is investing approximately $624 million in Anduril’s latest funding round—making it one of the largest investors in this round. Anduril’s current round is reportedly raising around $4 billion, with an estimated valuation of $60 billion; Andreessen Horowitz (a16z) and Thrive Capital are leading the round. Anduril is a U.S.-based AI defense startup. Its founder, Palmer Luckey, previously co-founded Erebor—a digital bank tailored for cryptocurrency and tech startups—with Peter Thiel.
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AI Financial Platform Rogo Closes $160M Series D Led by Kleiner Perkins
Odaily AI financial workflow platform Rogo announced the completion of a $160 million Series D funding round, led by Kleiner Perkins, with participation from Sequoia Capital, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, and others. Rogo stated that its AI system has been deployed at several of the world's top investment banks, asset management firms, and private equity institutions to enhance efficiency in investment research, modeling, and client communication. The proceeds will be used to deepen system integration, expand on-site engineering and investment banking teams, and accelerate expansion into European and Asian markets. The company emphasized that AI is driving the 'democratization and efficiency restructuring' of high-end financial services capabilities.
AI-powered programming startup Cursor seeks at least $2 billion in funding, with a valuation of $50 billion
According to TechCrunch, AI-powered coding startup Cursor is nearing completion of a new funding round of at least $2 billion, with a post-money valuation of approximately $50 billion—nearly doubling its $29.3 billion valuation from six months ago. The round is co-led by existing investors Thrive Capital and Andreessen Horowitz, with Battery Ventures and strategic investor NVIDIA also expected to participate. The round has already been oversubscribed, though final terms have not yet been finalized. On the performance front, Cursor projects its annualized revenue to exceed $6 billion by the end of 2026—representing at least a threefold increase over the $2 billion annualized revenue it disclosed in February this year. Regarding profitability, the company achieved a slight positive gross margin overall after launching its in-house Composer model in November last year and incorporating lower-cost third-party models (e.g., Kimi from China). Its enterprise business has already reached gross-margin profitability, while its individual developer accounts remain unprofitable.
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