Aleph Alpha secures over half a billion US dollars in Series B financing round

A consortium of renowned investors, including Bosch Ventures and SAP, invests in Aleph Alpha to support the development and commercialization of trustworthy AI.

Heidelberg, Germany - Aleph Alpha, a generative artificial intelligence (AI) company focused on explainable and trustworthy applications, has successfully closed a Series B funding round. The company raised over $500 million from a consortium of seven new and existing investors.

With this latest investment, we will further expand our capabilities and enable our partners to be at the forefront of this technological development ... For customers in sensitive areas of responsibility and in strategic environments where sovereignty is key, we will continue to be the best option.

Jonas Andrulis, CEO and founder of Aleph Alpha

The main investors in this financing round are Innovation Park Artificial Intelligence (Ipai), Bosch Ventures and the Schwarz Group companies. New investors such as Christ&Company Consulting, Hewlett Packard Enterprise, SAP and Burda Principal Investments have also participated. Existing investors from previous rounds have also participated. The funds from this financing round will be invested in foundation model research, enhanced product capabilities for mission-critical environments and commercialization with selected partners.

Aleph Alpha will shape the future of generative AI and set new standards for this key technology. This makes Aleph Alpha a perfect fit with our sovereign cloud and cyber security offerings STACKIT and XM Cyber.

Rolf Schumann, Co-CEO of Schwarz Digits

Aleph Alpha offers business-to-business (B2B) and business-to-government (B2G) solutions based on explainable and trustworthy AI applications. These applications are designed to support companies and public authorities in sensitive industries such as healthcare, finance, law, administration and security.

The investment package also includes close collaboration on applied research and business development between Aleph Alpha and the consortium. There are also guaranteed license agreements in place to support Aleph Alpha's business model.

The active development of generative AI will be crucial for Europe's technological sovereignty. That is why we at Bosch are developing fields of application and business models and playing a key role in shaping this future technology together with other companies such as Aleph Alpha.

Dr. Tanja Rückert, Member of the Board of Management and Chief Digital Officer of Robert Bosch GmbH

Aleph Alpha plans to deepen AI research and further develop and commercialize generative AI for critical applications. It will also foster academic collaborations and support the sharing of innovation through open source. With this funding round, Aleph Alpha will continue its mission to provide sovereign AI solutions for businesses and governments and advance AI technology in sensitive industries.