Prime Intellect Raises $130M Series A at $1B Valuation to Build an 'Open Superintelligence Stack'

TechCrunch·medium signal

Prime Intellect raised a $130M Series A at a $1B valuation on July 8 (Radical Ventures, with Nvidia Ventures, Intel Capital, Dell) for a full stack — compute, an RL framework, and evals — that lets enterprises train their own agents without frontier labs. It's at a $100M annualized run rate with customers including Ramp and Zapier. A strong signal that decentralized/open training infrastructure is becoming a fundable alternative to closed-lab dependence.