Backed by Sequoia China and the man who built Marvel Studios, Prem AI seeks $100M to end the era of rented enterprise intelligence: report — TFN

Lugano-based Prem AI is seeking $100M at a $500M+ valuation to let hedge funds and law firms run AI on their own servers

It has launched Fluso, an encrypted AI workspace that runs agents inside a customer’s own infrastructure

Known backers include Fan Zhang of Sequoia Capital China and David Maisel, founding chairman of Marvel Studios

Prem AI, a Lugano-based startup that lets hedge funds and law firms run artificial intelligence on their own servers instead of sending data to OpenAI or Anthropic, is seeking to raise $100 million in a Series A at a valuation of at least $500 million, Bloomberg reports.

The company expects to close the round in the third quarter of 2026.