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German AI startupAleph Alphahas raise a Series B funding round of $ 500 million from a consortium of seven new investors , as well as subsist investor from previous rounds .
institute in 2019 , Aleph Alpha ’s funding may be dwarfed by that of Microsoft - gage OpenAI ( $ 11.3 billion ) , but the inauguration take a shit great play of the fact that its client have “ full sovereignty ” over the implementation of AI into their clientele . So although it ’s tempting to compare Aleph Alpha with other foundational models like OpenAI , it ’s much close to startup like France ’s Mistral ( $ 112 million in financial backing ) , which works with expectant corporates to deploy Master of Laws internally .
The consortium is contribute by the Innovation Park Artificial Intelligence ( Ipai ) . The bout was co - guide by Schwarz Group ( the owners of the Lidl supermarket chain ) and Bosch Ventures . Other new investors admit Berlin - based Christ&Company Consulting , Hewlett Packard Enterprise and SAP , as well as Burda Principal Investments . Existing institutional investors also participated .
Ipai — an AI hub base in the south - west German urban center of Heilbronn and jointly set up by a basis established by Dieter Schwarz , the Lidl founding father — is fund by the United States Department of State of Baden - Württemberg and is staking its claim to become Europe ’s heavy AI cluster .
In July SAPinvestedin Aleph Alpha alongside two other investments in AI inauguration Anthropic and Cohere .
Back in 2021the startup raised $ 27 million in a Series A funding co - lead by Earlybird VC , Lakestar and UVC Partners , follow a come round of € 5.3 million from LEA Partners , 468 Capital and Cavalry Ventures in November 2020 .
Aleph Alpha , which has about 70 employees , John Roy Major on domain such as EU - order datum security , surety and often works with governmental consistency , police enforcement and healthcare .
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In a program line Jonas Andrulis , CEO and laminitis of Aleph Alpha , enunciate the fellowship “ will continue to expand its offerings while maintaining independence and flexibility for customer in base , cloud compatibility , on - premiss support and intercrossed setup . ”
