Prime Intellect Raises $130M Series A

Prime Intellect, a San Francisco-based AI training startup, raised $130 million in Series A funding at a $1 billion valuation. The round was led by Radical Ventures, with participation from Nvidia Ventures, Intel Capital, Dell Technologies Capital, Iconiq, and Cloudflare CEO Matthew Prince. The company's annualized revenue topped $100 million ahead of the round.