OpenAI-backed Thrive Holdings acquires ADT for $7.6B in equity
OpenAI-backed Thrive Holdings acquires ADT
AI Overview
Thrive Holdings, the PE spinout of Thrive Capital that counts OpenAI as partner and investor.
Why it matters
The deal shows how an OpenAI-backed holding company plans to rebuild a legacy security firm around AI, and where smart home security is heading as Apple and Amazon move in.