Swiss AI startup Prem AI is raising $100 million in a Series A funding round, Bloomberg and The Next Web report. The company provides infrastructure and tooling that allow customers—such as hedge funds and law firms—to run artificial intelligence models on their own private systems rather than relying on rented or externally hosted AI services.
According to The Next Web, Prem AI is seeking at least a $500 million valuation for the round and expects to close it in the third quarter. The report also quotes CEO and founder Simone Giacomelli regarding the company’s pitch to buyers who want ownership and control over the environments where AI models run.
Bloomberg similarly says the startup is raising $100 million and describes its customers as including hedge funds and law firms, emphasizing that the service supports deployment on private infrastructure. The reports do not provide additional details on specific investors, terms beyond the amount and expected valuation, or the full feature set. The round’s timing is described by The Next Web, while Bloomberg focuses on the funding figure and Prem AI’s private-infrastructure model.
