Every round on record, with the sources behind each and the investors on them.
Building an open platform for training and deploying AI models across distributed compute networks
primeintellect.aiLinkedInSan Francisco, USAAIFounded 2024
6 sources
Sources agree on the $130M Series A led by Radical Ventures. The company release is dated July 9 and says “Today,” while the specific TechCrunch article is dated July 8; the specific dated article fixes the announcement date as July 8. Employer and company affiliations in parentheses were not treated as separate investors.
1 source
The source confirms a $5.5M seed round announced on April 23, 2024, co-led by Distributed Global and CoinFund. The source names Clem Delangue, not Hugging Face, as the angel investor; Protocol Labs appears as an affiliation with Juan Benet rather than as a separately identified investor.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Series A [ REPORTED LATER ]: This round was announced before Fireround first saw it. It stays in the company's history, not in Latest, Trending, or alerts. | $130M | 2026-07-08 | Radical Ventures | No recent discussion |
6 sources [ VERIFIED · CORRECTED ] read against 6 sources Sources agree on the $130M Series A led by Radical Ventures. The company release is dated July 9 and says “Today,” while the specific TechCrunch article is dated July 8; the specific dated article fixes the announcement date as July 8. Employer and company affiliations in parentheses were not treated as separate investors. | ||||
Prime Intellect builds an integrated platform that gives AI startups, researchers, and enterprises the compute, training, evaluation, and deployment tools to build and continuously improve their own AI models and agents.
Prime Intellect targets the cost, access, and control bottlenecks of AI development by combining globally distributed compute with open reinforcement-learning, environments, evaluations, sandboxes, and deployment tools that were previously concentrated in frontier labs. The company says it has more than 6,000 customers and over $100 million in annualized revenue, while its Ramp case study reports a customer-trained model beating frontier models on a specialized workflow, giving its $130 million Series A a concrete bet on customer-owned, task-specific AI systems.
| Seed [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $5.5M | 2024-04-23 | Distributed Global, CoinFund | No recent discussion |
1 source [ VERIFIED · CORRECTED ] read against 1 source
The source confirms a $5.5M seed round announced on April 23, 2024, co-led by Distributed Global and CoinFund. The source names Clem Delangue, not Hugging Face, as the angel investor; Protocol Labs appears as an affiliation with Juan Benet rather than as a separately identified investor. [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: prnewswire.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]correctedchecked against 1 source·[ BRANDING ]logo and colour from the homepage·[ AGENT ]company research by the Firecrawl agent | ||||
Checked against 10 sources on Sep 24
Also named as backers in company research: Protocol Labs, Founders Fund, Andrej Karpathy, Dylan Patel