Prime Intellect Raises $5.5M for Decentralized AI Platform

Prime Intellect recently secured $5.5 million in funding from investors such as Distribution Global and Compound VC.

Distribution Global, CoinFund, Compound VC, Collab + Currency, and Protocol Labs were among the backers of Prime Intellect’s $5.5 million fundraising round. 

Angel investors like Andrew Kang of Mechanism Capital, Robert Drost of EigenLayer, Riva Tez of LayerZero, Dcbuilder of Worldcoin, Scott Moore of Gitcoin, DCF God, and Gmoney were among those that participated in the fundraiser.

A decentralized AI infrastructure platform that allows communal ownership and governance of AI models is being built by Prime Intellect. The statement claims that their platform allows academics to work together and create “state-of-the-art” AI models through distributed training by aggregating global computation.

Researchers have the opportunity to own and reap the benefits of the AI models they train.

If you have computing power, money, or code, you can use Prime Intellect to train open AI models together and split the profits. Vincent Weisser and Johannes Hagemann, co-founders of the firm, stated in a blog post on the website that they envision this enabling a new wave of open AI innovation, from scientific breakthroughs to community-driven language models.

Prime Intellect’s long-term goal is to construct a system that facilitates distributed training across clusters on a worldwide scale and accepts contributions of computer power, financial capital, and source code from anybody.

In its post on X, Prime Intellect announced that its platform is now in beta and offers the most affordable, scalable on-demand computation by pooling supply from top GPU providers.

“We’re developing a framework for distributed training across clusters and preparing to provide access to clusters of 16–128+ GPUs,” reads a post on X.