AI Rollup Tracker
AI rollups buy service businesses and run them with AI. These are the ones I could verify from public sources: what each buys, who backs it, and how many companies it has acquired so far.
Active
| Rollup | Sector | HQ | Backers | Since | Capital raised | Acquisitions | Sources |
|---|---|---|---|---|---|---|---|
| Thrive HoldingsParent of Current (accounting) and Shield (IT); OpenAI embeds engineers to build agents for acquired firms | Holding company (accounting, IT services, permitting) | US | Thrive Capital; OpenAI (equity stake 2025-12); SoftBank, D1 Capital, Altimeter (2026-08 round) | 2025-06 | USD 2B+ new capital at USD 12B valuation (2026-08); USD 3B+ total incl. ~USD 1B Thrive Capital commitments | 70+ businesses across platforms (as of 2026-08) | |
| Current (formerly Crete Professionals Alliance)Buys majority stakes in US CPA firms; OpenAI-built tax and audit agents (TaxAI pilot on 7,000 returns) | Accounting and tax | US | Thrive Capital / Thrive Holdings, ZBS Partners, Bessemer Venture Partners; OpenAI (strategic partner) | 2025-06 | USD 500M+ earmarked for acquisitions over two years (2025-06) | Nearly 30 partner firms (as of 2026-06); Thrive Holdings cited 50+ (2026-08) | |
| Shield Technology PartnersBuys SMB IT/MSP firms; Sentinel and Spectre agents triage and resolve tickets, built with OpenAI researchers | IT services / MSP | US | Thrive Holdings, ZBS Partners | 2025-06 | USD 100M+ initial (2025-06); USD 100M from Thrive Holdings (2026-02) | 9 partners (as of 2026-02); Thrive Holdings cited ~20 (2026-08) | |
| Titan MSPGC-incubated MSP rollup; AI automates routine IT work (onboarding cut from weeks to minutes) | IT services / MSP | US | General Catalyst | 2025-08 | USD 74M (2025-08) | 1 (RFA) (as of 2025-08) | |
| Long Lake (Long Lake Management Holdings)Permanent-capital holdco running its Nexus AI platform across HOA mgmt, payroll and travel; closed USD 6.3B Amex GBT take-private | Multi-sector services (HOA management, business services, corporate travel) | US | General Catalyst, Alpha Wave, Elad Gil, D1, Thrive, Koch Equity Development | 2024-02 | USD 670M total funding per PitchBook (as of 2025-05) | 35 incl. Amex GBT (as of 2026-09) | |
| EudiaBuys alternative legal service providers and runs their work on its AI platform for in-house legal teams | Legal services | US | General Catalyst (lead), Sierra Ventures, Floodgate | 2025-02 | Up to USD 105M Series A (2025-02) | 2 (Johnson Hana, Out-House) (as of 2025-10) | |
| CrescendoBought BPO PartnerHero and moved its 200+ clients onto an AI-plus-human CX platform | Customer support / contact center (BPO) | US | General Catalyst | 2024-10 | USD 50M at USD 500M valuation (2024-10) | 1 (PartnerHero) (as of 2024-10) | |
| DwellyBuys independent UK letting agencies; AI OS handles tenant comms, maintenance, rent collection (~300 units per agent) | Property management (lettings agencies) | UK | General Catalyst (Series A lead), EQT Growth (Series B lead), Begin Capital, s16vc; Trinity Capital (debt) | 2025-08 | GBP 69M Series A (GBP 32M equity + GBP 37M debt) (2026-02); USD 170M Series B (USD 95M equity + USD 75M debt) (2026-07) | 10 agencies (as of 2026-02) | |
| Multiplier HoldingsBuys boutique tax and professional-services firms and moves them onto its AI practice-management platform | Accounting and tax | Singapore | Ribbit Capital (seed lead), Lightspeed (Series A lead), The General Partnership (Series B lead); EDBI, SV Angel | 2025-06 | USD 27.5M seed + Series A (2025-06); USD 35M Series B (2026-08) | 1 named (Citrine International Tax) (as of 2025-06) | |
| GruveBuys IT and security services firms; AI agents deliver work billed on usage/outcomes | IT services / cybersecurity consulting | US | Mayfield (Series A lead), Cisco Investments | 2024-07 | USD 20M Series A (2025-04); USD 37.5M total | 2 (SecurView, NetServ) (as of 2024-09) | |
| FuraBuys freight brokers and moves them onto AI agents for carrier sourcing, pricing and compliance checks | Freight brokerage / logistics | US | R136 Ventures, Davidovs Capital | 2021 | USD 7M seed (2021) | 7 (as of 2026-08) | |
| LawhiveAI-native law firm buying firms; AI assistant 'Lawrence' does paralegal work; plans US acquisitions | Legal services (consumer and small business) | UK | Mitch Rales (Series B lead), GV, Balderton, TQ Ventures, Jigsaw | 2025-09 | USD 60M Series B (2026-02); ~GBP 40M raised in 2024 | 1 (Woodstock Legal Services) (as of 2025-09) | |
| GydeAcquires health and benefits agencies; GydeOS and 'Gia' AI assistant automate servicing and client outreach | Insurance brokerage (Medicare, health, benefits) | US | Lightspeed (lead), Optum Ventures, Crystal Venture Partners | 2026-01 | USD 60M launch financing (2026-01) | 7 (as of 2026-10) | |
| COVUAI-native servicing platform that converts partner agencies into acquisitions ('Rolling Thunder' campaign) | Insurance agencies (P&C) | US | Benhamou Global Ventures (Series A lead), True Global Ventures | 2025-02 | USD 22M+ Series A (2025-02); ~USD 50M total incl. growth financing (2025-08) | 7 (as of 2025-08) | |
| American Growth Insurance (AGI)Buys independent agencies and embeds custom AI into their operations | Insurance brokerage | US | Rockbridge Growth Equity, Atomic | 2026-07 | ~USD 70M committed equity (2026-07) | 1 (Heller-Kowitz Insurance Advisors) (as of 2026-08) | |
| Sequence HoldingsPermanent holdco whose ex-Palantir/Scale engineers rebuild acquired service firms' workflows with AI | Multi-sector services (insurance brokerage, community banking) | US | Conviction and 8VC (seed leads), Lux Capital (Series A lead); DFO Management (Baldwin co-investor) | 2026-04 | USD 75M seed (2026-04); Series A undisclosed | 1 pending: The Baldwin Group USD 7.7B take-private agreed (2026-09); BankSouth partnership (2026-04) | |
| Smarter TechnologiesPE-built platform merging RCM services firm Access Healthcare with AI firms for agentic revenue-cycle work | Healthcare administration (revenue cycle) | US | New Mountain Capital | 2025-05 | 3 combined (SmarterDx, Thoughtful.ai, Access Healthcare) (as of 2025-05) | ||
| Knack RCM + EqualizeRCM (Carlyle platform)Combines an 8,000-person RCM services firm with an agentic-AI denial-prediction platform; more RCM deals planned | Healthcare administration (revenue cycle) | US / India | Carlyle (Carlyle Asia Partners funds) | 2026-05 | 2 (majority stakes in Knack RCM and EqualizeRCM) (as of 2026-05) | ||
| Procode AIBought billing firm Auctus; AI coding copilot turns operative reports into billing codes | Healthcare administration (surgical billing) | US | Story Ventures (seed lead), Health Velocity Capital (Series A lead) | 2026-03 | USD 4M seed (2026-03); USD 10M Series A (2026-07) | 1 (The Auctus Group) (as of 2026-07) | |
| BuenaAcquires property-management firms and runs them on in-house AI property-management software | Property management (residential, Germany) | Germany | GV (Series A lead), 20VC, Stride, Capnamic | 2023 | USD 58M Series A (2025-07) | 20+ (as of 2025-07) | |
| ArbioBuys holiday-rental managers; ML pricing and LLM guest/owner communications on an AI-native OS | Vacation rental management | Germany | Eurazeo (Series A lead), Open Ocean, Atlantic Labs | USD 36M Series A (2025-10); USD 45M+ total | 30+ (as of 2025-10) | ||
| ZincoIntegrates Spanish SME advisory firms onto its own platform; named a European AI roll-up; AI use not detailed | Accounting, tax and legal advisory (asesorias) | Spain | 8 advisory firms (as of 2026-09) | ||||
| e4nOperator-led AI-powered MSP/MSSP group; AI in service delivery, reporting and security | IT services / MSP and MSSP | US | 2026-05 | 2 (Katalyst platform, Layer27 tuck-in) (as of 2026-07) | |||
| Equal PartsBuys small independent agencies; AI automation standardizes back-office workflows | Insurance agencies (independent) | US | Equal Ventures and Max Ventures (launch); Inspired Capital (Series A lead) | 2025-04 | USD 10M acquisition capital (2025-04); USD 23M Series A (2026-02); USD 50M total acquisition capital | 3+ named (Strategic Insurance, Assurely, Lumen) (as of 2026-02) | |
| Vivere PartnersAcquires program administrators and MGAs; analytics and AI to speed underwriting | Specialty insurance (MGAs, program administrators) | US | General Catalyst (lead), Pathlight Ventures, Greenlight Re | 2025-04 | USD 7.5M Series A (2025-04) | ||
| ArchipelGroups French accounting firms under one brand; plans AI tools to automate accounting tasks | Accounting (expertise comptable) | France | Otium Partners | 2025-04 | EUR 50M (2025-04) | 9 firms (as of 2026-04) | |
| BHubBuys Brazilian accounting firms onto its AI back-office-as-a-service platform | Accounting / SMB back office | Brazil | Next Billion Capital Partners (pre-Series B lead), Valor Capital, Monashees, Hedosophia | 2024-11 | USD 10M pre-Series B (2025-11); BRL 140M Series A (2024) | 10 (as of 2025-11) | |
| ModusInvests in audit and accounting firms; proprietary AI audit agents automate procedures | Accounting and audit | US | Lightspeed (lead), Comma Capital, Garry Tan | 2026-04 | USD 85M seed + Series A (2026-04) | 1 investment (unnamed top-200 accounting platform) (as of 2026-04) | |
| Cynch AIAcquires retiring CPAs' client books; neuro-symbolic AI tax model does prep and reporting | Tax and accounting | US | True Global Ventures (lead), Permanent Capital, AI Capital, Clear Ventures, Factory HQ | 2025-12 | USD 9M (2025-12) | Client books of 7 practices (as of 2025-12) | |
| ZazumeConsolidates Spanish rental managers onto an AI and fintech rental platform | Property management (residential rentals) | Spain | Nordstar and GTV Capital (leads), Sabadell Venture Capital | 2026-06 | EUR 2.5M (2026-06) | 1 (Landa Propiedades) (as of 2026-06) | |
| Roofer.comBuys roofing contractors; drones plus computer vision assess roof damage | Home services (roofing) | US | Mucker Capital (lead), Soma Capital, HF0, Asymmetric Capital Partners | 2024-01 | USD 7.5M seed (2024-01) | 1 (Bearded Brothers Roofing & Restoration) (as of 2024-01) | |
| Metropolis TechnologiesBuys parking operators and deploys computer-vision checkout-free payments | Parking operations | US | Eldridge Industries (lead), BDT & MSD, Vista Credit Partners, Temasek, 3L | 2023-10 | USD 1.8B financing incl. USD 1.05B Series C (2024-05) | 2 (Premier Parking, SP+) (as of 2024-05) | |
| limetaxTakes stakes in tax practices; ATLAS AI agents do bookkeeping, payroll and filings with human review | Tax advisory | Germany | Motive Partners (lead), Activant, Heliad | 2026-09 | EUR 6M pre-seed + EUR 30M bank acquisition facility (2026-09) | Several firms, number undisclosed (as of 2026-09) | |
| AistraAI managed-services firm bought Singapore F&A provider to embed AI tools in accounting workflows | Finance and accounting outsourcing | India | 2026-05 | 1 (Veracity Services, controlling stake) (as of 2026-05) | |||
| HATCo (General Catalyst Health Assurance Transformation Co.)Bought Ohio health system Summa for USD 515M; building an AI 'command center' with GC-backed AI vendors | Healthcare (health system operations) | US | General Catalyst | 2024 | 1 (Summa Health) (closed 2025-10) | ||
| Iterative HealthAcquires clinical-trial sites and runs them with AI-driven patient recruitment and central ops | Clinical research sites | US | Intrepid Growth Partners and GV (Series C leads) | 2026-05 | USD 77M Series C (2026-04) | 3 cardiology research sites from NextStage (as of 2026-05) | |
| AIAI Holdings (Ai2)Listed holdco applying AI licensed from M42 to the businesses it acquires | Diversified (civil construction, healthcare case management, telehealth, other) | US | John P. Rochon / M42 | 2026-05 | None raised in Nasdaq direct listing (2026-05) | 6 proposed (as of 2026-05) | |
| MoIn GroupBuys profitable German brokers; AI agents automate admin and surface sales opportunities | Insurance brokerage | Germany | Backers not named; supporters incl. Torsten Oletzky and Christian Lindner | 2026-06 | 2 (Compari, Suenderwald-Gruppe) (as of 2026-06) | ||
| EasyTranslateBuys translation agencies and moves them onto its HumanAI platform | Language services (translation agencies) | Denmark | Pride Capital Partners, Danske Bank Growth, EIFO | 2024-09 | 2 (World Translation, Translated By Us) (as of 2026-03) |
Announced, no deal yet
These have announced a rollup strategy or raised for one, but no closed acquisition is public yet.
| Rollup | Sector | HQ | Backers | Since | Capital raised | Acquisitions | Sources |
|---|---|---|---|---|---|---|---|
| Generation Tech PartnersBuys succession-stage German service firms (EUR 0.5-5M EBITDA), upgrades them with AI and merges them | Multi-sector services (German owner-managed SMEs) | Germany | Access Capital Partners, Qualitas Funds, a European pension fund, family offices | 2026-06 | EUR 50M+ fund (2026-06) | 0 named (targets ~30) (as of 2026-06) | |
| Overdrive HealthAcquiring a traditional ambulance billing agency to run AI-powered EMS billing | Healthcare administration (ambulance billing) | US | Y Combinator | 2026 | 0 closed; 1 ambulance billing agency in process (as of 2026) | ||
| Yellow.aiSPAC plan to buy BPOs/contact centers and convert them to AI-native, outcome-priced operations | Customer support / contact center (BPO) | US / India | Lightspeed, Salesforce Ventures, Sapphire Ventures, WestBridge Capital | 2026-08 | ~USD 102M VC to date; SPAC deal with >USD 200M gross proceeds incl. USD 30M PIPE (announced 2026-08) | 0 closed; pipeline of 10 BPO targets (as of 2026-08) | |
| Enam Co.Acquires services businesses and transforms them with AI; sectors and deals undisclosed; valued at USD 300M+ | Multi-sector services | US | Elad Gil; Andreessen Horowitz and OpenAI Startup Fund (per The Information) | ||||
| SimpleAIBuys Singapore/Australia accounting firms; AI agents read ledgers and suggest entries | Accounting | Singapore | 2026-07 | USD 5M seed + USD 10M acquisition debt facility (2026-07) | 0 closed; USD 25M+ of deals under review (as of 2026-07) | ||
| SKROLUses AI to find and evaluate SMBs to buy, then integrates them onto its platform | SMB acquisitions (brick-and-mortar services) | US | Magnetic (David Rosskamp) | 2024-05 | Pre-seed, undisclosed (2024-05) |
Watch list
AI is part of the story here, but not yet the core of how the acquired firms run.
| Rollup | Sector | HQ | Backers | Since | Capital raised | Acquisitions | Sources |
|---|---|---|---|---|---|---|---|
| Carr, Riggs & Ingram (CRI)PE/VC-backed regional CPA firm funding M&A plus software and AI automation | Accounting (CPA firm) | US | Centerbridge Partners, Bessemer Venture Partners | 2024-11 | |||
| ExodigoAI subsurface-mapping company bought LA civil-engineering firm V&A to embed AI in engineering services | Engineering services (civil and utility) | US | Zeev Ventures and Greenfield Partners (Series B co-leads) | 2026-07 | USD 96M Series B (2025-07); USD 214M total | 1 (V&A Inc.) (as of 2026-07) | |
| PURE HomeRiverMerged SFR managers on an 'AI-native' platform; targets its 'next 100 acquisitions' | Property management (single-family rentals) | US | PGIM (lender) | 2026-01 | USD 80M growth capital (2026-01) | ||
| 5C NetworkAI radiology platform consolidating teleradiology providers and adding AI diagnostics | Healthcare (teleradiology) | India | 2024-04 | 1 (YouRad) (as of 2024-04) | |||
| InnovaccerAI healthcare platform bought RCM outsourcer CaduceusHealth to run AI-native RCM operations | Healthcare administration (revenue cycle) | US | B Capital Group (Series F lead) | 2026-05 | USD 275M Series F; USD 650M+ total | 1 services firm (CaduceusHealth, ~USD 66M) (as of 2026-05) | |
| Sinecure.aiAI talent-vetting company bought executive-search firm Grace Blue to run AI-led recruiting | Staffing / executive search | US | 2024-01 | 1 (Grace Blue Partnership) (as of 2024-01) |
Historical
How a company gets in
A company is listed when it buys service businesses and runs them on AI, and at least one public source says so. Counts and capital are as reported, with the date in the cell. Private information stays out. Corrections and additions: viktoria@izdebska.com.
How it relates to the automation band
The tracker is the evidence base for the automation band: buying service firms makes sense where AI can automate roughly 30 to 70% of a vertical's work.
Changelog
2026-10-12: First version, 52 companies.
Data licensed CC BY 4.0. Please credit: AI Rollup Tracker, Viktoria Izdebska, izdebska.com/tracker.