Swiss startup Prem AI is raising $100M so hedge funds and law firms can own their AI instead of renting it

https://media.thenextweb.com/2026/06/prem-ai-swiss-100m-series-a-private-ai.avif

TL;DR

Prem AI is raising $100M at $500M+ valuation. It builds private AI infrastructure for hedge funds and law firms. “Enterprise intelligence must be owned, not rented.”

Prem AI, a Swiss startup that helps hedge funds and law firms run AI models on their own infrastructure, is raising $100 million in a Series A at a valuation of at least $500 million. The company expects to close the round in the third quarter. CEO and founder Simone Giacomelli said the pitch is simple: “Enterprise intelligence must be owned, not rented.

The Lugano-based company previously raised a $14 million seed in 2024, followed by a $6.1 million bridge at a $200 million valuation. Backers include Jim Breyer (Breyer Capital), Index Ventures, Marvel Studios founder David Maisel, and Sequoia Capital China co-founder Fan Zhang.

Prem builds AI products for organisations that cannot send sensitive data to OpenAI or Anthropic. The...

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