New AI Lab Prentis in Talks to Raise $100 Million
Prentis, a newly launched artificial intelligence research lab co-founded by Ritankar Das, Reid Hoffman, and Mark Pincus, is reportedly in talks to raise $100 million at a $1 billion valuation. Established in April, the startup specializes in computer-use models designed to automate routine office workflows across various systems. Prentis has already signed customer contracts worth up to $50 million and projects an annualized run rate of $75 million by Q3 of this year. The company claims its proprietary Hive-32B model outperforms major rivals like OpenAI and Anthropic at a fraction of the cost, positioning itself in a highly competitive market alongside industry giants.
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