Prins Artificial Intelligence Funding, Investors & Competitors

Prins Artificial Intelligence has raised $132M across 3 funding rounds, most recently a $100M Series B in October 2023.

Last Prins Artificial Intelligence funding round

$100M

Series B · Oct 2023

Cumulative funding Prins Artificial Intelligence raised

$132M

across 3 funding rounds

Key investors in Prins Artificial Intelligence

  • Kleiner Perkins
  • Paradigm
  • Base 10 Ventures
  • AAB Venture Capital

Prins Artificial Intelligence Overview

About Prins Artificial Intelligence

Prins Artificial Intelligence is a platform that develops AI-driven digital humans for enterprises, brands, celebrities, and individuals. It enables the creation of customizable virtual identities trained on specific behaviors and interactions. Headquartered in Seoul, South Korea, the company launched in 2022 and serves clients across entertainment, marketing, and customer service sectors. Prins integrates natural language processing with facial animation to produce lifelike avatars capable of real-time conversations in multiple languages including Korean, English, and Japanese. Recent updates include enhanced lip-sync technology and integration with popular video conferencing tools like Zoom and Microsoft Teams.


Founded

2023

HQ

United StatesLakewood, NJ

Website

prins.ai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Prins Artificial Intelligence Funding History

Prins Artificial Intelligence has raised a total of $132M across 3 funding rounds.

Prins Artificial Intelligence's first fundraising round was a $10M Series A in February 2023. The most recent completed round was a $100M Series B in October 2023.

Prins Artificial Intelligence funding rounds

Prins Artificial Intelligence funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2023Series BAAB Venture Capital (lead)$100MPrins Artificial Intelligence (Prins AI), a Lakewood, CO-based technology company, develops a platform for training AI digital identities using advanced AI, blockchain, and smart contracts to record training logs and incentivize public participation via cryptocurrency rewards. The platform supports applications in broadcasting media, brand marketing, e-commerce live streaming, educational entertainment, AR/VR/AI, and more, with deployments in online and offline scenarios for enterprises, brands, celebrities, and individuals. The company operates offices and R&D centers in multiple US cities (New York, Los Angeles, Chicago, Houston, Philadelphia, Lakewood), London (UK), Canberra (Australia), and various Chinese cities. In October 2023, Prins AI closed a $100 million Series B funding round led by AAB Venture Capital, a Dallas-based private equity firm managing over $400 million in assets with a focus on real estate, technology, and operating businesses. This round follows prior financings including a $22 million Series A+ and $10 million Series A, bringing total equity funding to approximately $132 million across three rounds, with additional investors like Kleiner Perkins, Base10 Partners, and Paradigm mentioned in some reports. Proceeds from the Series B will fund R&D in deep learning to improve accuracy, naturalness, and efficiency of digital identity products, team expansion including technical talent for product development, and growth in marketing and sales teams to drive adoption. The funding positions Prins AI to enhance platform functionalities and expand commercial value in AI digital identity applications amid rising investor interest in AI technologies.
Jul 2023Series A-$22MPrins Artificial Intelligence (Prins AI), based in Lakewood, CO, with offices including in China, develops an AI-driven digital persona training platform called PRINS AI. The product enables businesses, brands, celebrities, and individuals to create unique digital identities or 'smart workers' for applications in marketing, training videos, broadcast media, e-commerce live streaming, education, entertainment, AR/VR/AI, and NFT/metaverse scenarios. The platform incorporates blockchain technology, smart contracts for recording training data, and a cryptocurrency reward mechanism to incentivize user participation in AI digital human training. The company operates as Prins AI Technology Ltd and focuses on building a comprehensive digital human ecosystem, optimizing AI digital persona quality to meet evolving user needs in virtual experience technologies. In August 2023, Prins AI closed a $22 million Series A+ funding round, with intentions to advance deep learning technologies, expand the team, strengthen product development, and boost marketing and sales. Shortly after, in October 2023, Prins AI raised $100 million in a Series B round led by AAB VC. The funds were earmarked for enhancing R&D in deep-learning technologies for digital identity products.
Feb 2023Series AKleiner Perkins; Base 10 Ventures; Paradigm$10MPrins Artificial Intelligence is a Lakewood, Colorado-based service platform focused on AI digital human training. The company creates digital human identities for clients including companies, brands, celebrities, and individuals. Founded in 2023 by co-founder and CEO Brian Schimpf. Prins completed a Series B funding round on November 1, 2023, raising $100 million with participation from AAB Venture Capital, Kleiner Perkins, Base10 Partners, and Paradigm. The company has raised a total of $132 million in equity funding to date and employs over 200 people.

Who has invested in Prins Artificial Intelligence?

4 investors have backed Prins Artificial Intelligence across its funding rounds, including Kleiner Perkins, Paradigm, Base 10 Ventures and AAB Venture Capital.

Lead investors include AAB Venture Capital.


Prins Artificial Intelligence Investors

Investors in Prins Artificial Intelligence by funding rounds participated
InvestorHQRoundsRoleFirst check
Kleiner PerkinsUnited StatesSan Francisco, CA1ParticipantFeb 2023
Base 10 VenturesUnited KingdomMaidstone1ParticipantFeb 2023

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Prins Artificial Intelligence Competitors

Prins Artificial Intelligence competitors include listed companies like SAP, Tempus AI, iFlytek and UiPath, and private ones like Legora and Astromech.

Public and private companies comparable to Prins Artificial Intelligence
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
Tempus AIUnited StatesUnited StatesPublicly listed$1.3B($131M)$15B10.1x
iFlytekChinaChinaPublicly listed$4B$465M$14B3.4x
UiPathRomaniaRomaniaPublicly listed$1.6B$70M$7.2B3.5x
LegoraSwedenStockholmPrivate$100M-$5.6B56.0x
AstromechUnited StatesUnited StatesPrivate--$3.8B-

Prins Artificial Intelligence Public Comps

Prins Artificial Intelligence is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's, Nebius Group and Workday.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x

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Common questions about Prins Artificial Intelligence

When was Prins Artificial Intelligence founded?Prins Artificial Intelligence was founded in 2023.
Where is Prins Artificial Intelligence headquartered?Prins Artificial Intelligence is headquartered in Lakewood, NJ, United States.
Is Prins Artificial Intelligence publicly listed?No, Prins Artificial Intelligence is a private, VC-backed company.
How much funding has Prins Artificial Intelligence raised?Prins Artificial Intelligence has raised $132M across 3 funding rounds.
What was Prins Artificial Intelligence's last funding round?Prins Artificial Intelligence's last funding round was a $100M Series B in October 2023, led by AAB Venture Capital.
Who are Prins Artificial Intelligence's investors?Prins Artificial Intelligence's investors include Kleiner Perkins, Base 10 Ventures, AAB Venture Capital and Paradigm.
Which companies are comparable to Prins Artificial Intelligence?Companies comparable to Prins Artificial Intelligence include SAP, Tempus AI, iFlytek, UiPath, Legora and Astromech.

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