Home / Business and Economy / Thrive Holdings Fuels AI Startup Shield with $100M
Thrive Holdings Fuels AI Startup Shield with $100M
2 Feb
Summary
- Thrive Holdings invests $100 million in its AI company, Shield Technology Partners.
- Shield uses AI to automate IT support, aiming for a fully autonomous engineer.
- Thrive Holdings operates as a permanent capital vehicle for long-term business growth.
Thrive Holdings, an extension of Joshua Kushner's Thrive Capital Management, has committed $100 million to Shield Technology Partners. This move offers a preview of how Thrive Holdings plans to deploy its substantial $1 billion capital.
Shield, established in June 2025 with initial funding and two co-founders, focuses on acquiring IT services businesses and integrating AI to improve efficiency. Their AI product currently resolves about 60% of IT support tickets, with aspirations to develop a fully autonomous IT engineer.
Thrive Holdings, structured as a permanent capital vehicle, aims for long-term company development rather than short-term exits. This approach allows them to build and compound businesses over decades, potentially leading to public market offerings in the future.
The venture firm's strategy involves leveraging AI expertise and a holding structure to bolster service-oriented companies. OpenAI is also involved, providing engineers and researchers to support Thrive Holdings' portfolio companies in developing specialized AI models.
