The Ticino-based startup Prem AI aims for a valuation of 500 million
Summary
Prem AI is raising a $100 million Series A round and targeting a minimum $500 million valuation. The Lugano-based company builds generative AI software that runs on a customer’s own infrastructure. Its platform is aimed at enterprises in sensitive industries such as hedge funds and law firms that need strong data control. Prem AI also offers an open-source app positioned as an alternative to ChatGPT and a commercial platform for embedding generative AI into existing products and SaaS solutions. The company previously raised smaller rounds in 2024 and counts Breyer Capital and Index Ventures among its investors.
Funding
Amount
$100.0M
Total raised
Date
June 19, 2026
Announcement date
Investors
Index Ventures, Breyer Capital
Lead investors
Company
prem.ai
Funded company
Classifications
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applications
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