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LinkedIn co-founder's AI start-up to raise funds at $1B valuation
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NewsBytes
Prentis plans to develop agents tailored to specific customer needs, like handling insurance claims and automating customs duty refund exceptions without human intervention.
The start-up has already signed contracts worth up to $50 million with various clients, including a healthcare management service organization, and goods and clothing manufacturers.
These contracts suggest an estimated annualized run rate of $75 million by Q3 2026, according to investor materials obtained by TechCrunch.