Prime Intellect Raises $130 Million to Let Companies Own Their AI Models

Prime Intellect raised a $130 million Series A at a $1 billion valuation, with rival AI founders like Perplexity's Aravind Srinivas and OpenAI veteran John Schulman personally backing a startup built to help enterprises own their own models instead of renting them. The company is already at a $100 million revenue run rate, with Ramp using it to build an agent that beat frontier models on its own task.