Prime Intellect just raised $130 million in a Series A round. The startup is now valued at $1 billion. Radical Ventures led the investment, joined by Nvidia Ventures, Intel Capital, and others. Founded in 2024, Prime Intellect offers tools that help companies build their own AI agents.
The company’s platform is like a marketplace. Customers can pick and choose modular AI tools without being locked into a full package. It provides compute access, a reinforcement learning framework, and evaluation tools. This modular approach lets companies customize AI systems for their needs.
Some big names already use Prime Intellect. Ramp, Zapier, and Flapping Airplanes are customers. Ramp built an AI agent with Prime Intellect’s help to find answers inside spreadsheets. Ramp’s co-founder Karim Atiyeh said their agent beat frontier AI models on accuracy, speed, and cost. That’s impressive given how much those big models dominate headlines.
Here is the thing. Many companies worry about relying on frontier AI labs. They fear losing control of their data and becoming dependent on external providers. Prime Intellect aims to change that by giving enterprises the tools to train and run their own AI. Their CEO Vincent Weisser believes this shift is coming fast.
Big Moves in Space and AI Funding
Meanwhile, Blue Origin is raising a massive $10 billion at a $130 billion valuation. Coatue Asset Management plans to invest about $4 billion. Jeff Bezos is committing $2 billion himself. This funding will help Blue Origin rebuild after a setback: their New Glenn rocket exploded during testing in late May.
Despite the explosion, Blue Origin plans to launch New Glenn later this year. They also need to rebuild their launchpad at Cape Canaveral. The company has refocused on supporting NASA’s Artemis missions to the moon. They also have ambitions to launch and run data centers in space. Their satellite internet network, with thousands of satellites, might get a boost from this cash.
SpaceX also made headlines last month. It raised over $85 billion at a staggering $1.75 trillion valuation. That dwarfs even Blue Origin’s huge funding round. It shows how hot the space and AI sectors remain for investors.
AI Hardware and Legal Tech Also Catching Big Dollars
On the AI hardware side, SambaNova raised $1 billion at an $11 billion valuation. This is the first close of their Series F round. Back in February, they raised $350 million in Series E. SambaNova partners with Intel for AI inference development using Intel’s Xeon chips. They also landed JPMorgan Chase as a client for inference infrastructure.
SambaNova’s CEO Rodrigo Liang said JPMorgan’s choice sends a clear message. The banking industry shouldn’t depend fully on cloud services. SambaNova’s customers include Saudi Aramco, Intel, and other Japanese firms. Their SN40L system launched in September 2023. The SN50 system is set to ship in the second half of 2026.
Meanwhile, Norm, an AI-driven law startup, raised $120 million in Series C funding. It is valued at $1.2 billion. Norm built an AI-native law firm called Norm Law. Their model mixes AI agents and human attorneys who supervise the work. Instead of billing hourly, they charge based on outcomes.
Investors in Norm include Bain, Craft Ventures, Coatue, Vanguard, New York Life, and TIAA. Individual backers include Tony James and Jeff Hammes. Thus far, Norm has raised more than $260 million total.
New App Tackles AI-Generated Scams
On the cybersecurity front, Savi Security launched a new app on July 7. The app protects consumers from AI-generated scams in texts, calls, and voicemails. It offers live-call monitoring and an optional live agent. The product costs $8 per month or $63 per year for a family plan with no user cap.
Brothers Patrick and Ryan Coughlin founded Savi Security. Patrick worked in national cyber defense and at companies like Splunk and Cisco. Ryan’s experience includes Apple and Spotify. Their mother was targeted by an AI-powered kidnapping scam. The scam used spoofed caller ID, voice, and location details to trick her.
The brothers identified the scam as AI-generated and launched Scamwise, a website to detect scams. It has received 100,000 scam submissions so far, with 50,000 in the first four months alone. This new app builds on that work to protect more people.
July 2026 has been a big month for AI and space startups. From Prime Intellect’s modular AI tools to Blue Origin’s space ambitions and new legal tech models, this wave of innovation shows no signs of slowing.
Based on
- Prime Intellect raises $130M Series A to help enterprises build their own AI agents — techcrunch.com
- Blue Origin reportedly raising $10B at $130B valuation | TechCrunch — techcrunch.com
- AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round | TechCrunch — techcrunch.com
- AI law startup Norm raises $120M, hits unicorn valuation | TechCrunch — techcrunch.com
- Savi’s app aims to protect consumers from realistic AI scams like kidnappers demanding ransom | TechCrunch — techcrunch.com
