Prem Labs Raises $14M to Expand AI Research and Operations

Prem Labs Raises $14M in Seed Funding

Key Highlights:

• Seed Funding: Prem Labs, an applied research lab focused on open-source AI technologies, raised $14 million in seed funding.
• Investors: Backed by notable investors, including a co-founder of Sequoia Capital China, David Maisel, founder of Marvel Studios, and Alan Lipschitz, founder of Incubeta.
• Expansion and R&D: Funds will be used to expand operations and invest in research and development.

Prem Labs' Target Market

• Tech Companies and Developers: Organizations and individuals looking to enhance and advance their open-source AI technologies.
• Universities and Research Institutions: Collaborating with academic institutions for AI research and development.
• Companies with Data Authorization: Providing resources for training and fine-tuning generative AI models using authorized data.

What Prem Labs Needs to Buy

• Research Collaboration: Partnering with universities and research institutions for joint AI research projects.
• Technology Infrastructure: Investing in infrastructure to support the expansion of operations and R&D activities.
• Talent Acquisition: Hiring skilled professionals in AI and data science to strengthen the research and development team.