Prime Intellect raises $130M at $1B valuation for decentralized AI infrastructure

Prime Intellect, a decentralized AI infrastructure startup founded in 2024, has raised $130 million in a Series A funding round at a $1 billion valuation to help enterprises build and train their own AI agents and secure compute sovereignty^[1][2]. The massive round, announced on July 8, 2026, was led by Radical Ventures with strategic participation from NVIDIA Ventures, Intel Capital, and Dell Technologies Capital, bringing the company's total funding to over $150 million^[1]. This investment supports Prime Intellect's mission to provide distributed computing power and specialized software tools for distributed model training and AI agent development, addressing the growing corporate need for independent AI infrastructure. The company has reportedly reached a $100 million annualized revenue run rate, signaling strong market demand for its open superintelligence stack.