Prime Intellect Raises $130M

Prime Intellect, a startup that provides computing power and specialized software tools that help companies build AI agents, has raised a $130 million Series A at a $1 billion valuation. The massive round was led by Radical Ventures, with participation from Nvidia Ventures, Intel Capital, Dell Technologies Capital, Iconiq, and a long list of angel investors who are founders of notable companies, including Aravind Srinivas (Perplexity), Aaron Levie (Box), Winston Weinberg (Harvey), Jeff Wang (Cognition), and Brendan Foody (Mercor).