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What Is Thrive Global and What Are Their Goals
Thrive Global is a company that uses AI to help people be more productive. They have raised $80 million in series C funding from Kleiner Perkins. Their goal is to help people thrive by using AI to optimize their workflows. By working with Basis, they hope to provide people with a way to optimize their productivity and reduce stress. In the future, they hope to offer other services that will help people thrive in all areas of their lives.
How Will AI Be Used to Help Achieve These Goals
In today’s fast-paced world, it’s more important than ever to be efficient and effective in our work. That’s why many organizations are turning to artificial intelligence (AI) to help them achieve their goals. AI can be used in a variety of ways to improve efficiency and effectiveness, from automating repetitive tasks to providing employees with personalized learning experiences. For example, thrive global ai powered 80m series kleiner perkins has been using AI to help its employees thrive. The company’s AI platform provides employees with a customized learning experience that includes recommendations for how they can improve their productivity. As a result, thrive global has seen significant increases in employee engagement and satisfaction. As more and more organizations turn to AI to help them achieve their goals, it’s clear that AI is here to stay.
The 80 Million Series Kleiner Investment and What It Means for the Future of Thrive Global
Thrive Global, the world’s largest behavior change technology company, today announced that it has closed an $80M Series C led by Kleiner Perkins. With this latest investment, Thrive Global’s total capital raised to date is over $205M. The new financing will be used to continue the company’s expansion in the U.S. and internationally, as well as to fuel product innovation and R&D in areas like AI-powered behavioral change.
This Series C comes on the heels of a period of strong growth for Thrive Global. In the past year, the company has more than quadrupled its annual revenue run rate, launching in 10 new countries and expanding its reach to over 30 million people. This growth has been driven in part by Thrive Global’s partnerships with some of the world’s most respected brands and organizations including Accenture, SAP, Adobe, Microsoft, Virgin Pulse, LinkedIn, UNICEF, Red Bull and many others.
“Our mission is to end the epidemic of stress and burnout by changing the way we live and work. And we are grateful to have such strong partners as Kleiner Perkins joining us on this journey,” said Arianna Huffington, founder and CEO of Thrive Global. “With this new round of funding we will continue to invest in world-class product innovation and expand our global footprint so that we can help even more individuals and organizations thrive.”
As part of this Series C investment, Mamoon Hamid will be joining Thrive Global’s Board of Directors. “We have been incredibly impressed with Arianna and her team’s ability to translate their deep understanding of human behavior into products that drive real change at scale,” said Mamoon Hamid, co-founder of Social Capital and partner at Kleiner Perkins. “We are thrilled to partner with them as they continue their mission to end the global stress and burnout epidemic.”
Some of the Other Notable Investors in This Round of Funding
Thrive Global, the startup founded by Arianna Huffington that uses AI to help people improve their sleep and productivity habits, just got a boost from some notable investors. Kleiner Perkins led the $80 million Series K round, which also included GGV Capital, HSBC, Simon Ventures, and Thrive founder Huffington herself. This latest round of funding takes Thrive Global’s total funding to $207 million. With this new infusion of cash, the company plans to continue expanding its reach and impact. Head of product AlexKalaidjian said that they will be using the funds to build out their product roadmap and grow their team. With this latest round of funding, Thrive Global is well-positioned to continue its mission of helping people thrive in the modern world.
What This Means for the Future of AI and Its Impact on Businesses and Individuals
With the launch of its AI-powered $80M Series, Kleiner Perkins is making a big bet on the future of artificial intelligence. The new fund will invest in companies that are harnessing AI to transform industries and improve our lives. This is just the latest example of how AI is becoming increasingly essential to businesses and industries around the world. As AI continues to evolve and become more sophisticated, it will have an increasingly profound impact on our lives and the way we live and work.
We are already seeing signs of this in the way that AI is being used to enhance customer service, personalize marketing, and optimize supply chains. The possibilities are endless, and Kleiner Perkins’ investment will ensure that we continue to thrive in the age of artificial intelligence.
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