Thrive’s Kushner defends involvement in FIFA mess, hires Elon’s go-to lawyer
New York’s prestigious-yet-secretive venture firm Thrive Capital finally speaks out about its involvement in the messy drama upending international soccer.
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AI | Enterprise | Startups
Palo Alto Networks paid $500M for Thrive-backed Console, sources say
The acquisition also leaves Sequoia-backed Serval as the de facto startup leader in AI IT service automation, industry watchers believe.
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Thrive Capital led VCs into pro sports ownership; Collaborative Fund just upped that play
Collaborative Fund just bought into D.C. United and its stadium, with firm founder Craig Shapiro pitching it as a way to showcase for the firm’s startups.
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Physical Intelligence is reportedly in talks to raise $1B, again
The deal would effectively double the company’s $5.6 billion valuation in just four months.
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AI | Enterprise | Fundraising | Venture
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 Altimeter Capital.
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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.
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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.
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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.
