Thrive Holdings buys ADT for $7.6B, backed by OpenAI
Thrive Holdings, a private equity spin-off from Thrive Capital, acquired ADT for $7.6 billion in equity and a total enterprise value of $15.3 billion. The deal was announced on Thursday, with Thrive Holdings—backed by OpenAI as a partner and investor—aiming to revitalize ADT with AI integration. OpenAI provides AI models, technology, and engineers to Thrive’s portfolio companies, though neither…
Key points
- Thrive Holdings acquires ADT for $7.6B in equity, total enterprise value at $15.3B
- OpenAI partners with Thrive Holdings, supplying AI models and engineers to ADT and other portfolio companies
- Neither company details new AI security products but plans to invest in smart home security expansion
ADT will anchor Thrive Holdings’ smart home security business. The acquisition follows recent moves by tech giants like Apple and Amazon into AI-driven home security, signaling growing industry interest in AI-enhanced physical security solutions. Thrive Holdings currently owns over 75 companies, positioning itself as a long-term investor focused on AI-driven transformations.
OpenAI-backed Thrive Holdings acquires ADT
TechCrunch AI · 29 October 2026
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2sources- OpenAI-Backed Thrive Holdings to Acquire ADT in $15.3B All-Cash DealPress · Unite.AI ·
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