Who is betting on what in AI, and against whom.
Open RL stack on distributed compute.
Prime Intellect aggregates distributed compute and sells reinforcement-learning environments and training tools so companies can keep improving their own agents instead of renting a frontier model. Radical Ventures led its $130M Series A at $1B in July 2026; it reports $100M in annualized revenue.
| Amount | Kind | Valuation | Date | Investors | Source |
|---|---|---|---|---|---|
| $6M | seed | Apr 2024 | Distributed Global, CoinFund | Fortune | |
| $130M | Series A | $1B post-money | Jul 2026 | Radical Ventures, NVentures, Intel Capital, Dell Technologies Capital, Iconiq | TechCrunch, Prime Intellect |