Prime Intellect, a San Francisco-based AI infrastructure startup, has closed a $130M Series A funding round led by Radical Ventures, putting the company’s valuation at $1B. The round drew participation from NVIDIA Ventures, Intel Capital, and Dell Technologies Capital. The company raised a $5.5M seed round in April 2024, co-led by CoinFund and Distributed Global, then a $15M round in February 2025 led by Founders Fund, featuring Andrej Karpathy among its angel investors. With this Series A, Prime Intellect’s total funding now exceeds $150M since its founding in 2023. The company’s platform enables training, evaluating, and deploying “agentic AI models” across distributed GPU resources, emphasizing open-source model releases and tools for verifiable compute. Despite having crypto-native investors and building infrastructure architecturally similar to decentralized physical infrastructure networks, Prime Intellect has not launched any token.