Overview

• Deutsche Bank has purchased nearly two percent of Aleph Alpha, a leading German AI startup.
• The investment follows the exit of early investors 468 Capital and Lakestar, who sold their stakes.
• Aleph Alpha focuses on developing AI systems for automating processes in businesses and government bodies.
• The startup had previously secured over half a billion dollars in funding from major entities like the Schwarz Group, Bosch, and SAP.
• Aleph Alpha's CEO, Jonas Andrulis, sees Deutsche Bank as a strategic partner to advance their AI innovation strategy.