Prentis, new AI lab co-founded by Reid Hoffman, Mark Pincus in talks to raise $100M
Prentis, a new AI research lab co-founded by serial entrepreneur Ritankar Das and tech heavyweights Reid Hoffman and Mark Pincus, is seeking $100 million in funding at a $1 billion valuation. The startup is developing AI agents to automate office tasks, such as handling insurance claims and customs duty exceptions, and has secured contracts worth up to $50 million. Prentis claims its Hive-32B model outperforms competitors on specific benchmarks but has not verified its results. The company is positioned to compete in a crowded market, with automating office tasks expected to surpass coding as AI's biggest use case.
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