Tech Company Financing Transactions
Prime Intellect Funding Round
Prime Intellect, based in Dover, raised $5.5 million from CoinFund, Distributed Global and Collab+Currency.
Transaction Overview
Company Name
Announced On
4/23/2024
Transaction Type
Venture Equity
Amount
$5,500,000
Round
Seed
Investors
CoinFund (Lead Investor)
Distributed Global (Lead Investor)
private investors (Clem Delangue)
private investors (Juan Benet)
Proceeds Purpose
The company intends to use the funds to build out the compute platform, enabling decentralized training across instances and enabling co-ownership of AI models by contributing compute, code, data, capital, or expertise.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
1111b South Governors Avenue
Dover, DE 19904
USA
Dover, DE 19904
USA
Phone
Website
Email Address
Overview
Prime Intellect democratizes AI development at scale. Our platform makes it easy to find global compute resources and train state-of-the-art models through distributed training across clusters. Collectively own the resulting open AI innovations, from language models to scientific breakthroughs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Johannes Hagemann
Co-Founder
Vincent Weisser
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