Thrive Capital recently raised $10 billion for a new fund – its largest fund raised to date and almost double the size of its previous fund. Of this, $1 billion is dedicated to early-stage investments, while the rest is for growth-stage investments, according to a Announcement from the firm. Thrive told Bloomberg this was its…
OpenAI is taking an ownership stake in Thrive HoldingsWhose parent company is Thrive Capital, one of the major investors in the AI giant. Thrive Holdings operates like a private equity firm for AI, bringing in companies it believes could benefit from the technology in areas such as accounting and IT services. Neither company has disclosed…
Developer AI coding tool Cursor continues to swallow venture capital as its valuation continues to soar. On Thursday, Cursor announced a $2.3 billion funding round, valuing the company at $29.3 billion, as originally reported. wall street journalThe round is more than double the company’s previous valuation of $9,9 billion, which it had achieved during its…
