Prime Intellect Hits Unicorn Status With $130M Round

AI training startup Prime Intellect has raised $130 million at a $1 billion valuation, backed by Nvidia's NVentures, Intel Capital, Dell Technologies Capital, and Cloudflare CEO Matthew Prince, among others. The company operates a cloud platform for customizing open-source AI models using its Verifiers and Prime-RL toolkits, enabling training across thousands of GPUs. With roughly 6,000 customers, including corporate fintech firm Ramp, Prime Intellect surpassed $100 million in annualized revenue ahead of the funding announcement.