Prentis Aims to Raise $100M at $1B Valuation for AI Automation Startup
Prentis, a new artificial intelligence research lab co-founded by Reid Hoffman and Mark Pincus, is in talks to raise $100 million at a $1 billion valuation. The startup focuses on training models that automate routine office workflows such as handling insurance claims or customs duty refunds. Prentis has already secured contracts worth up to $50 million with customers across various industries. The company's Hive-32B model is claimed to outperform competitors like OpenAI’s GPT and Anthropic’s Claude on specific benchmarks, while offering a lower cost per task than existing AI APIs. However, TechCrunch has not independently verified these claims. Prentis faces competition from major players such as Anthropic and OpenAI in the growing field of computer-use AI agents. Ritankar Das, CEO of Prentis and founder of holding company Titan, is known for launching multiple successful ventures under his umbrella firm. Hoffman and Pincus are also active investors in other AI-related startups.
Topics: AI automation enterprise software fintech