Prins AI, a Lakewood, CO-based technology company that utilizes advanced AI to create digital identities for various entities, including enterprises, brands, celebrities, and individuals, closed a $100 million Series B funding.
SaaS Investors
The funding round was led by AAB VC.
AAB Venture Capital is a private equity firm based in Dallas, Texas, providing a specialized focus on investment and investment strategies in the areas of real estate, technology, and operating businesses. The firm serves clients across the United States and around the world and is currently managing over $400 million in assets under direct and partner programs.
Prins AI Use of Funds
The company plans to use the capital to invest in the research and development of deep learning technology to enhance the accuracy, naturalness, and efficiency of its digital identity products.
The funds will also be used to expand the company's team, including recruiting technical talent to strengthen product development capabilities and growing the marketing and sales teams.
About Prins AI
Prins AI is a technology company that provides a platform dedicated to the training of AI digital identities. The company's digital identity technology is deployed in both online and offline scenarios, and it employs blockchain technology and smart contracts to record AI digital identity training and application logs. Prins AI utilizes cryptocurrency reward mechanisms to encourage public participation in AI digital identity training programs, expanding the application scenarios and commercial value of AI digital identities. The company has established offices and research and development centers in several cities across the United States, the United Kingdom, Australia, and China.
Funding Details
Company: Prins Artificial Intelligence Technology Co., Ltd.
Raised: $100.0M
Round: Series B
Funding Month: October 2023
Lead Investors: AAB VC
Additional Investors:
Company Website: https://prins.ai/
Software Category: AI Digital People Platform
Source: https://www.finsmes.com/2023/10/prins-ai-raises-100m-in-series-b-funding.html