Prem AI Secures $100M for Secure Private AI Solutions

Prem AI, a Swiss startup, is raising $100 million in Series A funding, boosting its valuation to over $500 million. Founded by Simone Giacomelli, the company focuses on private AI infrastructure for hedge funds and law firms. Prem’s self-hosted models ensure data security while offering usability. It also launched Fluso, an encrypted AI workspace. With growing concern over ‘rented AI,’ firms seek greater control. Prem’s client base includes prominent investors like Jim Breyer and Sequoia Capital China's Fan Zhang. The company currently employs 35 people and aims for expansion.