The AI ​​startup Aleph Alpha GmbH has raised around half a billion US dollars in a new fundraising round. The company itself announces this.

The German AI startup Aleph Alpha GmbH was able to raise half a billion dollars in a new investment round. The company announces the news itself in a publication on its website.

moneylender

The half billion dollars that Aleph Alpha has now raised comes from a consortium of various investors. Some have already increased the AI ​​company’s coffers before, for others it is the first time.

The most famous names are:

• Bosch Ventures
• Schwarz Group (owner of Lidl)
• Innovation Park Artificial Intelligence (Ipai)
• Hewlett Packard Enterprise (HPE)
• JUICE

The latter recently announced its own AI chatbot. SAP is certainly expanding its offering around generative AI.

With this new investment, Aleph Alpha can prepare for accelerated production and expansion of its operations. The money will go toward research into basic models and the development of advanced product features.

Win win

Every investor plays a role, he says Aleph Alpha. For example, Ipai’s money goes into applied research. There will be joint projects with other partners. This isn’t new, earlier this month HPE announced that its GreenLake would be equipped with AI developed by Aleph Alpha.

For these investments, the partners involved receive pre-consumer licenses to scale business models. Aleph Alpha receives a strengthened foundation for accelerated development and commercialization of generative AI. The company deals with data sensitive sectors such as:

• Healthcare
• Governments
• justice
• Security
• Finance

The startup wants to further expand academic collaboration and reiterates its commitment to sharing innovations through open source. Aleph Alpha was only founded four years ago, but is already considered an important player in the German AI market.