COMPANY INFO
Prime Intellect, Inc. is a private software development company founded in 2023 by Johannes Hagemann and Vincent Weisser. The company has around 6 to 23 employees and is headquartered in San Francisco, California. Its website is www.primeintellect.ai. Prime Intellect operates in the artificial intelligence and cloud computing industries, providing a decentralized AI platform that democratizes AI development by enabling distributed training of state-of-the-art models across global compute resources. The platform allows users to collectively own AI innovations, from language models to scientific breakthroughs, making AI development more accessible and collaborative. (Crunchbase, Pitchbook, Tracxn)
Prime Intellect, Inc. is an artificial intelligence and cloud computing company founded in 2023 by Johannes Hagemann and Vincent Weisser. With a team of approximately 2-10 employees and headquarters based in San Francisco, California, Prime Intellect seeks to democratize AI development through a decentralized platform. The company enables distributed training of cutting-edge models across global computing resources, empowering users to collectively own AI innovations from language models to advanced scientific discoveries. This collaborative approach makes AI development more accessible and community-driven.
Prime Intellect, Inc. has demonstrated significant traction in early-stage venture funding. The company has raised a total of $20.5 million across two funding rounds. Their funding journey began with a seed round to build and launch their decentralized AI platform, followed by a Series A round aimed at scaling their open, peer-to-peer compute and intelligence protocol. The company’s funding strategy centers on partnering with leading venture capital investors who share its vision for decentralized, community-owned AI. These milestones underscore Prime Intellect, Inc.'s commitment to accelerated technological innovation and broad AI accessibility.
This Series A round was aimed at accelerating the development of Prime Intellect, Inc.'s peer-to-peer compute and intelligence protocol, enabling further scaling of its open and decentralized AI ecosystem.
Seed funding was raised to support the initial launch and development of the company's decentralized AI platform, laying the groundwork for distributed AI training and community collaboration.
Founders Fund is a prominent venture capital firm that led Prime Intellect, Inc.'s Series A round, supporting company expansion and long-term scaling efforts within the decentralized AI sector.
Menlo Ventures, another major VC player, also participated in the Series A, bringing its expertise in technology investments to back the company’s ambitious growth strategy.
Distributed Global, an early backer, led the seed round, contributing early-stage funding and guidance for the launch of Prime Intellect, Inc.’s decentralized AI platform.
CoinFund, a crypto-native investment firm, co-led the seed round, supporting Prime Intellect, Inc. in its mission to decentralize AI infrastructure and governance.
Emad Mostaque, noted AI entrepreneur and investor, provided individual support, helping to validate the company’s vision within the industry.
Andrej Karpathy, a leading AI researcher and technologist, invested in Prime Intellect, Inc., lending both capital and strategic insight.
Clem Delangue, CEO of Hugging Face, participated as an investor, endorsing the team’s efforts in open AI development.
Dylan Patel, a respected industry analyst and advisor, contributed as a supportive investor.
Tri Dao, AI researcher and thought leader, helped bolster the company’s technical credentials through his investment.
Balaji Srinivasan, prominent investor and technology visionary, joined the company’s backers, adding strong network and advisory value.
Jake Medwell, experienced tech investor, supported the company’s mission and funding initiatives.
Brendan McCord, a strategic AI domain expert, invested to encourage innovation in decentralized intelligence.
Sandeep Nailwal, well-known entrepreneur and crypto founder, invested in Prime Intellect, Inc., strengthening its connections within the blockchain and decentralized technology ecosystem.
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