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- Prime Intellect
Prime Intellect Revenue, Valuation, Funding & Investors
Prime Intellect is valued at $1B as of July 2026, a 10.0x multiple on its last reported $100M revenue.
Last Prime Intellect valuation
$1B
Series A · Jul 2026
Last Prime Intellect funding round
$130M
Series A · Jul 2026
Prime Intellect revenue
$100M
Series A · Jul 2026
Key investors in Prime Intellect
Founders Fund
Menlo Ventures
ICONIQ Capital
Compound
Balaji Srinivasan
Radical Ventures
About Prime Intellect
Prime Intellect is an AI platform facilitating distributed training of large language models and scientific applications across global compute clusters. It enables developers to access scalable resources and co-own resulting open-source innovations.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$100M (Jul 2026)
Valuation
$1B (Jul 2026)
Prime Intellect Valuation
Prime Intellect is currently valued at $1B, based on its Series A in July 2026.
The $130M round was led by Radical Ventures, with participation from ICONIQ Capital, Brendan Foody, Nicolai Ouporov, NVentures, Harrison Chase and 6 other investors.
Prime Intellect valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2026 | Series A | $1B | 10.0x |
Prime Intellect Revenue
Prime Intellect's latest recorded revenue is $100M, as of its Series A in July 2026. At a $1B valuation, that implies a 10.0x revenue multiple.
Prime Intellect revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2026 | $100M | $1B | 10.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Prime Intellect Funding History
Prime Intellect has raised a total of $200M across 4 funding rounds.
Prime Intellect's first fundraising round was a $6M seed round in April 2024. The most recent completed round was a $130M Series A in July 2026.
Prime Intellect funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series A | Radical Ventures (lead); ICONIQ Capital; Brendan Foody; Nicolai Ouporov; NVentures; Harrison Chase; Jeff Wang; Karim Atiyeh; Dwarkesh Patel; Mike Knoop; Winston Weinberg; Aravind Srinivas | $130M | $1B | Prime Intellect raised $130 million in Series A funding in July 2026 at a $1 billion post-money valuation, led by Radical Ventures with participation from Nvidia Ventures, Intel Capital, Dell Technologies Capital, and ICONIQ Capital. The round brings the company's total funding to over $150 million and supports its full-stack AI development platform combining compute access, reinforcement learning tools, and evaluation systems to help enterprises build and train their own AI agents rather than relying on frontier labs. Prime Intellect, a San Francisco-based AI infrastructure startup founded in 2024 by Vincent Weisser and Johannes Hagemann, reports $100 million in annualized revenue across 6,000 customers, signaling strong market adoption for production agent training infrastructure. |
| Jan 2026 | Undisclosed stage | - | $50M | - | Prime Intellect is a San Francisco-based company founded in 2023 that develops an open and decentralized AI platform and protocol aimed at democratizing access to computing and intelligence through a compute marketplace and distributed training infrastructure. The platform enables large-scale AI model training across global GPU resources without owning physical hardware, remaining asset-light by focusing on orchestration. It has demonstrated capabilities like training a 10B-parameter model across 14 nodes on three continents and releasing INTELLECT-3, a 106B Mixture-of-Experts model using 512 NVIDIA H200 GPUs across 64 nodes in late November 2025. Funding history includes a $5.5M seed round in April 2024 co-led by Distributed Global and CoinFund, with participation from Compound VC and Collab+Currency, followed by a $15M seed extension in February 2025 led by Founders Fund, featuring investors like Menlo Ventures, Balaji Srinivasan, Andrej Karpathy, Clem Delangue, Emad Mostaque, Tri Dao, and Sandeep Nailwal. Total raised across these rounds exceeds $20M, supporting development of its infrastructure; the company grew to 23 full-time employees, reflecting 229% YoY headcount increase. The protocol layer introduces a revenue model via fees for coordinating decentralized training, with tokenized ownership for participants in resulting models, positioning it against traditional cloud providers and specialized GPU operators on price and performance. Competitive context involves differentiating through decentralized, asset-light scaling to access diverse hardware globally, contrasting with capex-heavy infrastructure owners. |
| Feb 2025 | Seed | Founders Fund (lead); Emad Mostaque; Jake Medwell; Menlo Ventures; Tri Dao; Balaji Srinivasan; Clem Delangue; Sandeep Nailwal; Andrej Karpathy; Dylan Patel; Brendan McCord | $15M | - | Prime Intellect is a decentralized AI platform founded in 2023 that provides compute infrastructure and training frameworks for building and deploying frontier AI models. The company operates an asset-light Compute Exchange marketplace connecting developers, startups, cloud providers, and datacenters to enable distributed access to GPUs, while developing open-source distributed training methodologies and AI research. In February 2025, Prime Intellect raised $15 million in a Series A/seed extension round led by Founders Fund, with participation from Menlo Ventures and notable individual investors including Andrej Karpathy, Clem Delangue, Balaji Srinivasan, Emad Mostaque, Dylan Patel, Tri Dao, and Sandeep Nailwal, bringing total funding to over $20 million across two rounds. The company has demonstrated technical scale through multiple milestones including training a 10-billion-parameter model across three continents using its PRIME distributed training framework, releasing models like INTELLECT-1 and METAGENE-1 for biomedical applications, and developing large-scale reasoning models using decentralized reinforcement learning. Prime Intellect employs approximately 23 full-time employees as of February 2025, reflecting significant year-over-year headcount growth, and is building toward a protocol layer that would generate recurring revenue through coordination fees for decentralized model training while enabling participants to gain tokenized ownership stakes in resulting models. |
| Apr 2024 | Seed | CoinFund (lead); Distributed Global (lead); Compound; Clément Delangue; Collab+Currency; Juan Benet | $6M | - | Prime Intellect is a decentralized AI platform enabling collaborative model training across distributed global compute resources. The company was founded by Vincent Weisser and Johannes Hagemann and aims to democratize access to AI computing by aggregating surplus GPU capacity from cloud providers and datacenters, allowing participants to contribute compute, code, capital, or expertise while sharing ownership of trained models. On April 23, 2024, Prime Intellect announced a $5.5 million seed round co-led by Distributed Global and CoinFund, with participation from Compound, Collab+Currency, and Protocol Labs founder Juan Benet. The round also included prominent angels such as Hugging Face CEO Clem Delangue, Mechanism Capital's Andrew Kang, EigenLayer's Robert Drost, and others. Funding was designated for building out the Prime Intellect protocol and compute platform to enable decentralized model training and co-ownership governance. By the time of the seed round, Prime Intellect's platform was live in beta and actively aggregating GPU supply. The company had positioned itself in the context of a projected $1.3 trillion generative AI market by 2032, targeting AI developers and startups constrained by prohibitive computational costs and centralized infrastructure. The company subsequently raised an additional $15 million in Series A funding (announced February 2025, led by Founders Fund), bringing total funding to $20.5 million and further validation of its distributed AI training approach. |
Who has invested in Prime Intellect?
29 investors have backed Prime Intellect across its funding rounds, including Founders Fund, Menlo Ventures, ICONIQ Capital, Compound, Balaji Srinivasan and Radical Ventures.
Lead investors include Radical Ventures, Founders Fund, CoinFund and Distributed Global.
Prime Intellect Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Lead | Apr 2024 | ||
| 1 | Participant | Feb 2025 | ||
| -- | 1 | Participant | Feb 2025 | |
| 1 | Participant | Feb 2025 | ||
| -- | 1 | Participant | Jul 2026 | |
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Feb 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPrime Intellect Competitors
Prime Intellect competitors include listed companies like Rackspace and C3.ai, and private ones like Kakao Enterprise, Obsidian Security, NHN Cloud and Amperity.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $2.7B | $244M | $997M | 1.6x | ||
| Private | - | - | $1.1B | - | ||
| Private | $132M | - | $805M | 6.1x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Private | $70M | - | $1B | 14.3x |
Prime Intellect Public Comps
Prime Intellect is still privately-owned, but its public comps include Appier Group, Rackspace, cyber_Folks, Systena, SAKURA Internet, Rezolve AI, Net263, Montnets, Beijing CTJ Info Tech and Wiit.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $227M | $54M | 4.8x | 4.1x | 19.9x | 14.1x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $119M | ($29M) | 7.4x | - | (30.1x) | - | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
This data is available for Pro users. Sign up to see all Prime Intellect competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Prime Intellect
| When was Prime Intellect founded? | Prime Intellect was founded in 2024. |
| Where is Prime Intellect headquartered? | Prime Intellect is headquartered in San Francisco, CA, United States. |
| Is Prime Intellect publicly listed? | No, Prime Intellect is a private, VC-backed company. |
| What is Prime Intellect's valuation? | Prime Intellect was last valued at $1B in its Series A in July 2026. |
| How much funding has Prime Intellect raised? | Prime Intellect has raised $200M across 4 funding rounds. |
| What was Prime Intellect's last funding round? | Prime Intellect's last funding round was a $130M Series A in July 2026, led by Radical Ventures. |
| Who are Prime Intellect's investors? | Prime Intellect's investors include Compound, Clément Delangue, Emad Mostaque, ICONIQ Capital, Jake Medwell, Distributed Global, Menlo Ventures, Tri Dao, Balaji Srinivasan, Brendan Foody and 19 others. |
| What is Prime Intellect's revenue? | Prime Intellect's latest recorded revenue is $100M (July 2026). |
| What is Prime Intellect's revenue multiple? | Prime Intellect's latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue). |
| Which companies are comparable to Prime Intellect? | Companies comparable to Prime Intellect include Kakao Enterprise, Rackspace, Obsidian Security, NHN Cloud, C3.ai and Amperity. |
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