Prime Intellect, an open and decentralized AI platform and protocol democratizing access to computing and intelligence, today announced a $5.5M seed round co-led by Distributed Global and CoinFund with participation from Compound, Collab+Currency and Filecoin Creator Juan Benet with Protocol Labs, as well as prominent angel investors including Hugging Face CEO Clem Delangue. The funding will be used 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.
Prime Intellect Secures $5.5M in Seed Funding Co-Led By Distributed Global and CoinFund to Advance Its Decentralized and Collaborative AI Ecosystem
Apr 24, 2024