Thrive Capital news and trends

Report: OpenAI Seeks to Raise ‘Several Billion Dollars’
artificial intelligence // August 28, 2024

OpenAI reportedly aims to raise “several billion dollars” in a funding round that would value at above $100 billion. The round is being led by Thrive Capital and will include participation by Microsoft, The Wall Street Journal reported Wednesday (Aug. 28), citing unnamed sources. OpenAI...

Report: OpenAI Backer Thrive Capital Raises $5 Billion
Investments // August 05, 2024

Thrive Capital reportedly raised $5 billion for its biggest-ever pair of venture capital funds. The fundraising is a sign that the artificial intelligence boom is reviving investor enthusiasm, The Wall Street Journal reported Monday (Aug. 5). Thrive told its investors Sunday (Aug. 4) that it...

OpenAI Backer Thrive Capital Plans $3 Billion Fundraise Amid Tech Downturn
Investments // January 07, 2024

Venture firm Thrive Capital is reportedly preparing to raise at least $3 billion amid a downturn in tech funding. The planned fundraising, the subject of a Sunday (Jan. 7) report by the Financial Times (FT), would make Thrive — a major investor in OpenAI — one of few large growth...

Reports: OpenAI Won’t Give Microsoft a Board Seat
artificial intelligence // November 29, 2023

Some of OpenAI’s biggest investors are reportedly not invited to the company’s new board. That includes Microsoft, which has invested more than $10 billion in the artificial intelligence (AI) company, according to published reports Tuesday (Nov. 29). A report by Reuters quotes a source close to the matter...

Quick Reads
Thrive Capital Reportedly Weighing $1 Billion Databricks Stake

November 14, 2024
Thrive Capital is reportedly in discussions to invest $1 billion in analytics software maker Databricks. This deal would value the company around $55 billion, Bloomberg News reported Thursday (Nov. 14), citing sources familiar with the matter. Those sources say Thrive is expected to lead a share sale, allowing some early investors and employees to sell stakes to new investors. […]

Report: OpenAI Seeks to Raise ‘Several Billion Dollars’

August 28, 2024
OpenAI reportedly aims to raise “several billion dollars” in a funding round that would value at above $100 billion. The round is being led by Thrive Capital and will include...

Report: OpenAI Backer Thrive Capital Raises $5 Billion

August 05, 2024
Thrive Capital reportedly raised $5 billion for its biggest-ever pair of venture capital funds. The fundraising is a sign that the artificial intelligence boom is reviving investor enthusiasm, The Wall...

OpenAI Backer Thrive Capital Plans $3 Billion Fundraise Amid Tech Downturn

January 07, 2024
Venture firm Thrive Capital is reportedly preparing to raise at least $3 billion amid a downturn in tech funding. The planned fundraising, the subject of a Sunday (Jan. 7) report by the Financial...