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

Prime Intellect Overview

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

United StatesSan Francisco, CA

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

Prime Intellect valuation by funding round
DateStageValuationRevenue Multiple
Jul 2026Series A$1B10.0x

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

Prime Intellect revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2026$100M$1B10.0xSeries 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

Prime Intellect funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Series ARadical Ventures (lead); ICONIQ Capital; Brendan Foody; Nicolai Ouporov; NVentures; Harrison Chase; Jeff Wang; Karim Atiyeh; Dwarkesh Patel; Mike Knoop; Winston Weinberg; Aravind Srinivas$130M$1BPrime 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 2026Undisclosed 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 2025SeedFounders 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 2024SeedCoinFund (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

Investors in Prime Intellect by funding rounds participated
InvestorHQRoundsRoleFirst check
CompoundUnited StatesNew York City, NY1ParticipantApr 2024
Clément DelangueUnited StatesNew York City, NY1ParticipantApr 2024
Emad MostaqueUnited KingdomLondon1ParticipantFeb 2025
ICONIQ CapitalUnited StatesSan Francisco, CA1ParticipantJul 2026
Jake MedwellUnited StatesAustin, TX1ParticipantFeb 2025
Distributed GlobalUnited StatesLos Angeles, CA1LeadApr 2024
Menlo VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2025
Tri Dao--1ParticipantFeb 2025
Balaji SrinivasanSingaporeSingapore1ParticipantFeb 2025
Brendan Foody--1ParticipantJul 2026
Nicolai OuporovUnited StatesNew York City, NY1ParticipantJul 2026
NVenturesUnited StatesSan Jose, CA1ParticipantJul 2026
Clem DelangueUnited StatesUnited States1ParticipantFeb 2025

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Prime 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.

Public and private companies comparable to Prime Intellect
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Kakao EnterpriseSouth KoreaSeongnamPrivate--$1B-
RackspaceUnited StatesUnited StatesPublicly listed$2.7B$244M$997M1.6x
Obsidian SecurityUnited StatesLos Angeles, CAPrivate--$1.1B-
NHN CloudSouth KoreaSeongnamPrivate$132M-$805M6.1x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
AmperityUnited StatesSeattle, WAPrivate$70M-$1B14.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
cyber_Folks$226M$72M5.1x4.3x16.1x13.0x
Systena$607M$107M1.4x1.4x7.9x-
SAKURA Internet$227M$54M4.8x4.1x19.9x14.1x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Net263$119M($29M)7.4x-(30.1x)-
Montnets$389M($17M)2.5x-(55.5x)-

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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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