Prime Intellect Secures $5.5M in Seed Funding
Summary
Prime intellect, a San Francisco, CA-based provider of an open and decentralized AI platform and protocol enabling access to computing and intelligence, raised $5.5M in Seed funding. The round was led by Distributed Global and CoinFund with participation from Compound, Collab+Currency and Filecoin Creator Juan Benet with Protocol Labs, as well as angel investors including Hugging Face CEO Clem Delangue. Led by cofounders Vincent Weisser and Johannes Hagemann, Prime Intellect is a decentralized AI platform and protocol giving access to compute and intelligence. At the core of the company’s platform is the Prime Intellect (PI) protocol, which provides the critical infrastructure and cryptoeconomic building blocks to align incentives around decentralized AI development, including: • Collective ownership of AI models and compute via the PI protocol to incentivize contributions of compute, capital, code and continuous model improvement The compute platform is live in beta, aggregating supply from 10+ centralized and decentralized GPU cloud providers, offering the most low cost GPUs on demand. Prime Intellect will soon roll out multi-node compute on-demand (16 to 128+ GPUs) and decentralized training across instances with optimized orchestration for efficiency.
Funding
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