Deutsche Bank Invests in AI Startup Aleph Alpha
The bank acquires a stake in the Heidelberg-based company as early investors exit.
- 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.
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