Prem seeks $100M Series A as export bans boost sovereign AI demand
The round is expected to close in the third quarter. Prem sells software for running AI models on a company's own infrastructure, not a cloud provider's.
Key Takeaways
- SiliconANGLE UPDATED 19:19 EDT / JUNE 18 2026 AI Prem seeks $100M Series A as export bans boost sovereign AI demand by Duncan Riley Swiss artificial intelligence startup Prem SA is raising $100 million in Series A funding at a valuation of at least $500 million, Bloomberg reported today .
Customers fine-tune models, analyze documents and run inference in private environments and the data never goes back to Prem.
- None of the data touches a training pipeline, the company says.
ordered Anthropic PBC to block foreign access to its newest Fable 5 and Mythos 5 models and the company disabled them the next day, saying that was the only way to comply.
- Prem also sells in Switzerland.
The country has an EU adequacy decision, so data can move to and from the bloc even though Switzerland is not a member and a rewritten Swiss privacy law has applied since September 2023.
- The new funding isn't Prem's first raise.
The company closed a $14 million seed round in April 2024, followed by a $6.
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Stats & Key Facts
- #Swiss artificial intelligence startup Prem SA is raising $100 million in Series A funding at a valuation of at least $500 million, Bloomberg reported today.
- #] The post Prem seeks $100M Series A as export bans boost sovereign AI demand appeared first on SiliconANGLE.
- #SiliconANGLE UPDATED 19:19 EDT / JUNE 18 2026 AI Prem seeks $100M Series A as export bans boost sovereign AI demand by Duncan Riley Swiss artificial intelligence startup Prem SA is raising $100 million in Series A funding at a valuation of at least $500 million, Bloomberg reported today .
- #has forecast roughly $80 billion in global sovereign cloud infrastructure-as-a-service spending this year.
SiliconANGLE UPDATED 19:19 EDT / JUNE 18 2026 AI Prem seeks $100M Series A as export bans boost sovereign AI demand by Duncan Riley Swiss artificial intelligence startup Prem SA is raising $100 million in Series A funding at a valuation of at least $500 million, Bloomberg reported today . The round is expected to close in the third quarter. Prem sells software for running AI models on a company's own infrastructure, not a cloud provider's.
Customers fine-tune models, analyze documents and run inference in private environments and the data never goes back to Prem. That pitch is built for buyers who handle information they cannot hand to a third party. Its early targets are hedge funds and law firms.
Its founder, Simone Giacomelli, had earlier helped start the decentralized AI network SingularityNET. Prem is launching the fundraise alongside Fluso, an encrypted workspace for running AI agents and automating work. It runs where the customer's data already sits, whether that is a private cloud, a virtual private cloud or an air-gapped on-premise system.
For more details please read the original article at SiliconANGLE AI.
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