Tech
Prentis, new AI lab co-founded by Reid Hoffman, Mark Pincus in talks to raise $100M
Prentis, a new AI research lab focused on computer use models, co-founded by serial entrepreneur Ritankar Das and tech heavyweights Reid Hoffman and Mark Pincus, is in talks to raise $100 million at a $1 billion valuation, according to two people familiar with the discussions.
Launched in April, Prentis is training models to learn how office workers navigate routine workflows across documents and systems, with the goal of building AI agents that can control computers to automate those tasks.
Prentis will ostensibly develop agents tailored to these customers’ needs, such as handling insurance claims and automating customs duty refund exceptions without needing a human to hunt down paperwork.
The startup has already signed contracts worth up to $50 million with several customers, including healthcare management service organization, a manufacturer, and goods and clothing manufacturers, the two people familiar with the discussions tell TechCrunch. This echoes investor materials obtained by TechCrunch that predict an estimated $75 million annualized run rate by the third quarter of this year. (Prentis’ pitch deck notes those figures reflect estimated annualized value based on a contracted fee equal to 20% of savings realized, not recognized revenue, and are “performance-dependent and subject to final execution.”)
By its own account, Prentis says its Hive-32B model outperforms rivals, including OpenAI’s GPT-5.4 and Anthropic’s Claude Opus 4.6, on two computer-use benchmarks: WindowsAgentArena, which measures end-to-end task completion on real Windows applications, and ScreenSpot-v2, which tests a model’s ability to locate the right on-screen control.
In its pitch deck, the company argues its edge comes from running a much smaller, cheaper model. In fact, it claims roughly 10 times lower cost per task than frontier APIs, saying it’s more economical to deploy across everyday workflows. TechCrunch hasn’t independently verified the company’s benchmark results.
The startup is betting that automating everyday office tasks will soon outpace coding as AI’s biggest use case, but it’s a crowded market. Anthropic, Open AI, and Mira Murati’s Thinking Machines Lab are also working on developing AI agents for computer use, one of the sources said. Anthropic has also been acquiring talent in the category directly — it bought the Seattle computer-use startup Vercept earlier this year, folding in its founders and shutting down its product.
Prentis didn’t respond to TechCrunch’s request for comment.
Ritankar Das, CEO of Prentis, is also the founder of Titan, a holding company that builds and operates AI companies. Das, now 31, was UC Berkeley’s youngest University Medalist in more than a century, graduating at 18 with a double major in bioengineering and chemical biology before earning a master’s in biomedical engineering at Oxford.
He founded Titan in 2014 after dropping out of an AI PhD program at Cambridge, where he’d been a Gates Cambridge Scholar. Das has described Titan as an intentional throwback to an old-fashioned holding-company model like Berkshire Hathaway, one that’s funded by its own exits rather than outside limited partners.
Other businesses launched and operated by Titan include AI-powered virtual care provider Tala Health, which raised a $100 million seed round last year, and Forta Health, an autism care startup that raised $55 million led by Insight Partners in 2024. Titan-founded disease prediction company Dascena was acquired by CirrusDx in 2022.
Prentis is a side project of sorts for its two other co-founders. Hoffman, the LinkedIn co-founder and Greylock partner, said last month that he was stepping down from Microsoft’s board after nearly a decade to go “founder mode” on Manas AI, an AI drug-discovery startup he’s also backing; he was an early OpenAI investor and co-founded Inflection AI with Mustafa Suleyman before Microsoft absorbed most of that team in 2024.
Pincus, the Zynga founder, now runs the investment firm Reinvent Capital with Hoffman as a senior adviser, and published a memoir, “Life at the Speed of Play,” last month.
Prentis has already hired more than 25 employees, including researchers who previously worked at OpenAI, Google DeepMind, Meta, Tencent, and Alibaba, according to its website.
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Tech
Sam Altman’s biometric startup World raises $52.5M via crypto sale
World, the online verification startup co-founded by OpenAI’s Sam Altman, has raised $52.5 million through a crypto token sale to strategic investors.
Participating investors joined a 12-month lockup sale of World’s token, WLD. Lockup periods prevent asset buyers from selling or trading their tokens for a set period of time. The yearlong lockup demonstrates investors’ “long-term commitment to World’s continued growth and utility,” the company said Friday in a press release.
The money will go to the World Foundation, an exempted limited guarantee foundation based in the Cayman Islands, created to steward the expansion of World’s network.
The sale’s lead buyer is Pantera Capital, a venture capital firm focused on digital assets. Other companies involved in the sale included Eightco Holdings, Bain Capital Crypto, Susquehanna Crypto, and Selini Capital, among others.
The World project is operated by Tools for Humanity (TFH), a startup based in San Francisco and led by CEO and co-founder Alex Blania. Altman is the company’s other co-founder.
World is an unusual business that revolves around online verification and sells access to what it calls “proof of human” tools. The idea is that, as bots and AI generate much of the content online, it will become increasingly important to know who is really human and who isn’t. World’s mission is to popularize its World ID, an anonymous digital marker that verifies whether a human — not a bot or an AI agent — is behind a particular account.
To get a verified World ID (the highest level of verification within World’s system), users must have their eyes scanned by an Orb, a metallic ball that converts a user’s iris into a distinct cryptographic identifier. World’s Orbs are located at its offices and have also been deployed at partner stores around the world.
The project began as a more overtly crypto-based experiment under the name “Worldcoin” — the same name of the crypto asset involved in the recent sale. Users can trade or hold the token through World’s app, which also serves as a custodial wallet. The company later rebranded to World amidst a broader backlash against the crypto industry.
In April, the project launched a new version of its app and announced partnerships with companies, including Tinder, Zoom, and Docusign. Yet, despite its global ambitions, World has struggled to scale its business or convince consumers to care much about its mission. In June, TFH conducted a round of layoffs.
Correction July 24: An earlier version of this story incorrectly stated that World has a partnership with Ticketmaster. It does not. We regret the error.
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Tech
OpenAI’s own model went rogue before Kimi had Wall Street sweating
Chinese AI lab Moonshot’s open model Kimi went viral this week for reasons that had less to do with the model itself and more to do with how the U.S. AI industry reacted to it. Meanwhile, an unreleased OpenAI model wandered outside its test environment and ended up connected to a real security breach at Hugging Face — a reminder that “China risk” isn’t the only kind of AI risk worth worrying about.
On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into why Kimi K3 set off a fresh round of AI panic, the industry’s response to an OpenAI staffer’s “regulatory FUD” post, and what that OpenAI breach means for AI security more broadly.
Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.
Tech
India’s move against Jack Dorsey’s Bitchat sparks legal debate
An apparent Indian government effort to remove GitHub repositories for Jack Dorsey’s offline Bluetooth-powered messaging app Bitchat has raised questions about the legal basis for targeting open source software because of how it works.
The issue with Bitchat came to light after Dorsey posted on X on Friday what he said was a notice from India’s Ministry of Home Affairs directing GitHub to restrict access to three Bitchat repositories within three hours. The notice argues that the app’s anonymous, decentralized architecture could facilitate unlawful activity and allow users to communicate during internet shutdowns while making lawful interception more difficult.
The move comes as Indian authorities tighten internet restrictions after weeks of student-led protests in New Delhi over alleged examination paper leaks.
The demonstrations, known as the “cockroach” movement, have drawn thousands of young people demanding the resignation of Indian Education Minister Dharmendra Pradhan, with authorities also imposing restrictions on marches toward the parliament. Local media reported that some protesters downloaded offline messaging apps, including Bitchat and Briar, after internet services were suspended.
The order represents a new approach for the Indian government, which, before 2021, typically relied on Section 69A of the IT Act and the 2009 Blocking Rules when it wanted content removed nationwide, according to Mishi Choudhary, founder of SFLC.in, an Indian digital rights legal advocacy group.
She told TechCrunch that the document resembled the format of recent government takedown notices, but the legal provisions it cites do not clearly authorize authorities to seek the removal of an entire software project because of how it works rather than any specific illegal content.
Unlike many government takedown requests, the document Dorsey shared does not identify specific posts, messages, or repositories containing unlawful material. Instead, it argues that Bitchat’s ability to function during internet shutdowns and without central servers could facilitate unlawful activity.
The notice, dated July 23 and apparently issued by the Indian Cybercrime Coordination Centre (I4C), which operates under India’s Home Ministry, said Bitchat enables users to communicate “even during network restrictions” and “internet shutdowns,” making it possible to “circumvent lawful restrictions” while hampering “lawful interception, attribution, and traceability.”
In recent days, Bitchat has seen a sharp rise in popularity in India. Market intelligence provider Sensor Tower shared data with TechCrunch that showed that India accounted for about 85% of the app’s global downloads between July 17 and July 23, compared with about 1% over the previous 30 days. Bitchat was downloaded more than 91,000 times in India over the past five days, after downloads jumped thirty-two-fold on July 19 from the previous day. The app’s daily active users in India also reached more than 330,000 on Thursday, the highest level recorded for the app in the country.
Request raises questions about open source software
The Internet Freedom Foundation (IFF), a New Delhi-based digital rights advocacy group, questioned the effectiveness of the apparent takedown request.
“The order also fails on its own terms as deleting a repository does not delete the application from any phone that carries it, and the mesh keeps functioning without servers. What the takedown actually prevents is scrutiny of the underlying code,” the group said on X.
Raman Chima, global program director at the Association for Progressive Communications, a global digital rights network, told TechCrunch the apparent notice went beyond targeting the messaging service itself by seeking to remove its open source code from GitHub.
“They’re [the Indian government] not just targeting the designated service provider, but they’re trying to say that open source development of this type of product … should not occur,” he said.
GitHub did not confirm whether it had received the document. The repositories remained accessible from India on Friday. Asked about the apparent notice, the company shared a link to its public repository of government takedown requests, which did not contain any recent requests related to Bitchat.
Namrata Maheshwari, Asia Pacific policy manager and encryption policy lead at digital rights group Access Now, told TechCrunch that blocking an offline messaging platform during internet restrictions risked turning shutdowns into “a communication blackout” that violated fundamental rights. Protesters in any democracy have the right to communicate privately and coordinate peacefully, she said.
“When we receive a complete government takedown request, we notify the affected account owners and give them an opportunity to appeal,” Rose Coogan, the company’s principal online safety counsel, said in a statement emailed to TechCrunch. “We share every government takedown request we take action on publicly.”
India’s Home Ministry did not respond to a request for comment.
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