Joshua Kushner is the brother of President Donald Trump’s son-in-law, Jared Kushner. Thrive Holdings was founded last year, serving as an offshoot of Joshua Kushner’s venture capital firm Thrive Capital Management. TechCrunch likens Thrive Holdings to a “private equity firm for AI,” as it purchases “traditional” businesses, like accounting and IT services, and applies AI to their workflows.
“With Thrive Holdings’ long-term capital and technology expertise, ADT will gain new opportunities to accelerate innovation, enhance the customer experience and bring greater peace of mind to even more homes and businesses,” ADT CEO Jim DeVries says in the press release.