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Swiss AI Startup Prem Is Raising $100 Million Series A Round

Swiss AI Startup Prem Is Raising $100 Million Series A Round
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Swiss AI Startup Prem Is Raising $100 Million Series A Round Prem AI, a Swiss startup that helps companies including hedge funds and law firms run artificial intelligence models on their own private infrastructure, is raising $100 million in a Series A funding round. The company is targeting a valuation of at least $500 million, according to Prem AI’s founder and chief executive officer, Simone Giacomelli. Prem expects to close the round in the third quarter, it said in a statement on Thursday.

Swiss AI Startup Prem Is Raising $100 Million Series A Round Prem AI, a Swiss startup that helps companies including hedge funds and law firms run artificial intelligence models on their own private infrastructure, is raising $100 million in a Series A funding round. The company is targeting a valuation of at least $500 million, according to Prem AI’s founder and chief executive officer, Simone Giacomelli. Prem expects to close the round in the third quarter, it said in a statement on Thursday.
Swiss AI Startup Prem Is Raising $100 Million (ORG) Swiss (ORG) Series (EVENT) Prem AI’s (ORG) Simone Giacomelli (PERSON) Prem (ORG)
Originally published by Bloomberg Technology Read original →