Prem raises $100M at $500M valuation for sovereign AI software

Prem SA raised $100 million in Series A funding at a $500 million valuation. The round targets hedge funds and law firms needing private AI infrastructure where data never leaves customer systems. U.S. export bans on Anthropic models accelerated demand for on-premise AI solutions. Prem's software runs open-weight models in air-gapped or private cloud environments.