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Prime Intellect announced it raised $130 Million in an initial filing from an offering of $85 Million
PRIVATEJul 01, 2026•about 1 month ago
Amount Raised
$130 Million
Round Type
Series A
San FranciscoArtificial IntelligenceMachine LearningInvestors
Brendan FoodyJeff WangWinston WeinbergAaron LevieAravind SrinivasIconiqDell Technologies CapitalIntel CapitalNvidia VenturesRadical Ventures
Description
Prime Intellect, a startup focused on AI agent development, has secured $130 million in Series A funding at a $1 billion valuation. The funding round was led by Radical Ventures and included participation from notable investors like Nvidia Ventures and Dell Technologies Capital. The company aims to help organizations train their own AI systems without depending on traditional AI labs. Prime Intellect offers a modular platform that simplifies the development of AI solutions.
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1 contactVerified contactsSean M., Executive Officer, Director
Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech