Prime Intellect Raises $130M Series A at $1B Valuation

Prime Intellect, a San Francisco-based startup that provides infrastructure and specialized software tools to help enterprises build their own custom AI agents, has raised $130 million in a Series A funding round at a $1 billion valuation. The company aims to empower organizations to develop and train their own agentic systems without dependence on closed frontier AI labs.

Investors

The round was led by Radical Ventures. Additional participating investors included Nvidia Ventures, Intel Capital, Dell Technologies Capital, Iconiq, and a group of angel investors including Aravind Srinivas (Perplexity), Aaron Levie (Box), Winston Weinberg (Harvey), Jeff Wang (Cognition), and Brendan Foody (Mercor).

Prime Intellect Use of Funds

The new capital will be used to further develop its platform, which functions as a full-stack solution for AI agent development, including compute access, a reinforcement learning framework, and evaluation tools, to support its growing list of enterprise customers.

About Prime Intellect

Founded in 2024 by CEO Vincent Weisser, Prime Intellect is focused on democratizing the development of AI models. The company provides a marketplace-like platform that enables organizations to pick and choose modular tools to train and refine AI systems, allowing enterprises to maintain data sovereignty and operational control.

Funding Details

Company Website: https://primeintellect.ai

Company: Prime Intellect
Raised: $130M
Round: Series A
Funding Date: July 8, 2026
Lead Investor: Radical Ventures
Additional Investors: Nvidia Ventures, Intel Capital, Dell Technologies Capital, Iconiq, Aravind Srinivas, Aaron Levie, Winston Weinberg, Jeff Wang, Brendan Foody
Software Category: AI Infrastructure
Source: https://techcrunch.com/2026/07/08/prime-intellect-raises-130m-series-a-to-help-enterprises-build-their-own-ai-agents/