Overview

• German AI startup Aleph Alpha has gathered $500 million in its latest Series B funding round, which was led by Innovation Park Artificial Intelligence, Bosch Ventures, and Schwarz Group, along with other investors like Christ & Company Consulting, Hewlett Packard Enterprise, SAP, and Burda Principal Investments.
• The company has raised over $640 million in total to further develop and commercialize its large language and multimodal models, unique in that they allow European businesses to maintain data sovereignty amidst stricter AI regulations.
• Aleph Alpha, founded in 2019, aims to secure a distinct position in European markets by offering 'full sovereignty' in AI deployment to its clients, in comparison to U.S.-based competitors such as OpenAI and Anthropic.
• The firm’s commitment to 'data sovereignty' signifies that the data used in these AI models will need to be stored within Europe, complying with the respective country's laws - a distinctive appeal for European businesses concerned about data storage and processing abroad.
• Aleph Alpha's sophisticated models currently support communication in multiple languages including German, French, Spanish, Italian, and English. They leverage a broad repository of multilingual public documents published by the European Parliament.