Prem Labs

Company Overview

Prem Labs is a leading applied research lab dedicated to enhancing and advancing open-source AI technologies. The company is building a comprehensive ecosystem to enable companies worldwide to fully benefit from the potential of generative AI while retaining ownership and control of their data.

Founded in Lugano, Switzerland, Prem Labs aims to accelerate the advent of sovereign AI. Their vision is a future where every individual has access to powerful, private, and personalized AI models, ensuring transformative AI benefits are distributed equitably.

Products Overview

Prem offers two main product lines:

1. Prem Platform - An intuitive, user-friendly development platform for building generative AI solutions. Key features include:
   • Experiment and test multiple models simultaneously
   • Launch the best model for your use case
   • Seamless integration via SDKs
   • Proactive monitoring of model outputs
   • Data integration to enrich AI assistants
   • Train and fine-tune custom models
2. Prem Solution - Tailored model fine-tuning and training designed to meet unique business requirements. Services include:
   • Large Language Model Integration
   • RAG & Fine-tuning
   • Foundational Model Training
   • Custom Generative AI Model Development

Business Model

Prem appears to use a SaaS (Software-as-a-Service) model for its platform, with additional professional services offered through its Solution product line. The company focuses on providing AI solutions that give customers full ownership and control, differentiating itself from other providers that may limit data access or model customization.

Funding and Runway

In May 2024, Prem announced a $14 million strategic seed round. No further details on funding or runway were provided in the available materials.

Competitive Landscape

Prem positions itself as an alternative to relying on big tech AI providers like OpenAI. Their key differentiators are:

• Enabling customers to build proprietary models
• Providing full data sovereignty and privacy control
• Allowing on-premise deployment of AI models

Specific competitors are not named, but the company is likely competing with other AI infrastructure and model providers.

Customers

The materials mention Prem has 15+ enterprise clients and 20,000 users on its platform. Specific customer names are not provided. The company serves teams of all sizes across industries, from startups to established enterprises.

Relevant News

• May 2024: Announced $14 million strategic seed funding round
• May 2024: Released open-source Prem-Operator, a Kubernetes operator for AI/ML workloads
• May 2024: Introduced Prem-1B, an open-source multipurpose large language model

Prem is actively developing new open-source AI tools and models, while also growing its commercial offerings. The recent funding round indicates investor confidence in the company’s approach to sovereign AI.