Prime Intellect raises $130M Series A to help enterprises build their own AI agents

Prime Intellect is a startup that provides computing power and software tools to help companies build their own AI agents without relying on major AI labs. The company raised $130 million in Series A funding and has reached an annualized revenue run rate of $100 million through customers who use its hosted platform. This matters because companies are increasingly concerned about data security and dependency risks when building AI systems on top of closed commercial models, and Prime Intellect's platform offers a modular "full stack" alternative that includes compute access, a reinforcement learning framework, and evaluation tools. The shift reflects growing enterprise interest in developing their own AI capabilities rather than outsourcing to frontier labs.