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A German AI startup secures €500 million in funding from investors, including SAP, Bosch, and Lidl owner.
Aleph Alpha, a German startup aiming to create a European alternative to OpenAI and Google’s models, has secured €500 million in a Series B investment round.
Notable participants in this round include companies such as Hewlett Packard Enterprise, SAP, the German IT giant, Schwarz Group, the owner of Lidl and Kaufland, and Bosch, according to Bloomberg.
Aleph Alpha, founded in Heidelberg, Germany, by Jonas Andrulis, a former engineer for SAP and Apple, specializes in large language models, similar to what OpenAI is developing. Jonas has also created applications for European companies focused on data security and privacy. The company currently has around 70 employees, as reported by TechCrunch.
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