Prime Intellect, a decentralized AI infrastructure network, has completed a $130 million Series A funding round, achieving a valuation of $1 billion. The round was led by Radical Ventures and included investments from NVIDIA, Intel, and Dell, marking a rare joint investment by these tech giants. The company, co-founded by Vincent Weisser and Johannes Hagemann in 2024, claims an annualized revenue exceeding $100 million and serves over 6,000 enterprise and startup clients. Prime Intellect has made significant strides in AI infrastructure, notably with its INTELLECT series of models and the launch of Prime Intellect Lab, a full-stack AI training platform. The company has erased previous Web3-related documentation, signaling a shift towards a more traditional AI SaaS model. This strategic pivot aligns with its recent funding and positions Prime Intellect for potential IPO or acquisition opportunities.