About Prem
Prem is a company based in Middletown (United States) founded in 2023 by Simone Giacomelli.. Prem has raised $19.51 million across 2 funding rounds from investors including David Maisel. Prem operates in a competitive market with competitors including Together AI, Imbue, Bria, Anysphere and Hebbia, among others.
- Headquarter Middletown, United States
- Founders Simone Giacomelli
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.51 M (USD)
in 2 rounds
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Latest Funding Round
$5.51 M (USD), Seed
Nov 23, 2025
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Investors
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Employee Count
Employee Count
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Senior Team
4 people
SW Team
2 people
Software Development Team
1 people
Founder Team
1 people
ML Team
1 people
Unlock access to complete
Funding Insights of Prem
Prem has successfully raised a total of $19.51M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.51 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $5.5M
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First Round
First Round
(05 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2025 | Amount | Seed - Prem | Valuation |
investors |
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| Apr, 2024 | Amount | Seed - Prem | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prem
Prem has secured backing from 1 investor, including angel investors. Prominent investors backing the company include David Maisel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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DM
David Maisel |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prem
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Prem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prem Comparisons
Competitors of Prem
Prem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Together AI, Imbue, Bria, Anysphere and Hebbia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI research and model development services
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| domain | founded_year | HQ Location |
Imbue is focused on building AI-driven coding environments.
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| domain | founded_year | HQ Location |
AI-based solutions are provided for creating customized visual content.
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| domain | founded_year | HQ Location |
AI tools and assistants to augment human capabilities
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| domain | founded_year | HQ Location |
Generative AI agents for knowledge work
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| domain | founded_year | HQ Location |
Interpretability tools for generative AI models are developed and provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prem
Frequently Asked Questions about Prem
When was Prem founded?
Prem was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Prem located?
Prem is headquartered in Middletown, United States.
Who is the current CEO of Prem?
Simone Giacomelli is the current CEO of Prem. They have also founded this company.
Is Prem a funded company?
Prem is a funded company, having raised a total of $19.51M across 2 funding rounds to date. The company's 1st funding round was a Seed of $14M, raised on Apr 05, 2024.
What does Prem do?
Platform for integrating generative AI into applications. The platform allows users to train and fine-tune generative AI models on its data, with on-premise deployments. It enables users to experiment with multiple models, compare performances, and transition between models in production without code edits. It provides JS and Python SDKs for integration, autonomous fine-tuning for continuous quality improvements, and to connect multiple data sources.
Who are the top competitors of Prem?
Prem's top competitors include Goodfire, Bria and Together AI.
Who are Prem's investors?
Prem has 1 investor. Key investors include David Maisel.