Ramp built an AI agent that beat GPT-4 at a fraction of the cost

prime intellect, founded in 2024, raised $130m in series a funding at a $1b valuation led by radical ventures to offer a full-stack platform allowing enterprises to train their own ai agents. the startup, which hit a $100m annualized revenue run rate, provides compute access and reinforcement learning tools that enable companies like ramp to build models that beat frontier models on accuracy at a lower cost. this shift addresses growing enterprise concerns over data privacy and vendor lock-in with closed-source labs like openai and anthropic. investors including nvidia and intel participated, signaling confidence in the demand for infrastructure that allows companies to own their enterprise intelligence.