Prime Intellect secured $130 million in Series A funding at a $1 billion valuation, led by Radical Ventures with participation from Nvidia Ventures, Intel Capital, and Dell Technologies Capital. The startup provides a full-stack platform for companies to train their own AI agentic systems, bypassing reliance on frontier AI labs. This approach has driven the company to an annualized revenue run rate of $100 million, attracting customers like Ramp, Zapier, and Flapping Airplanes.
Enterprises are increasingly seeking to own their AI agent infrastructure to mitigate data control and vendor lock-in risks, shifting compute demand to specialized platforms.