Aleph Alpha, a pioneering developer of Generative Artificial Intelligence (AI), has successfully raised over half a billion US dollars in a landmark Series B funding round. The funding, led by Innovation Park Artificial Intelligence (Ipai), Bosch Ventures, and Schwarz Group, along with several other strategic investors, propels Aleph Alpha to the forefront of the AI industry.
The strategic investment marks a significant milestone for Aleph Alpha, reinforcing its position as a leading provider of sovereign Generative AI applications in Europe. With a strong focus on explainable and trustworthy AI, Aleph Alpha offers solutions for both business-to-business (B2B) and business-to-government (B2G) sectors, ensuring full data sovereignty.
The funds will be primarily directed towards advancing research on foundational AI models and enhancing product capabilities tailored for critical business environments. Additionally, it will support the company's expansion and collaboration with key partners.
Aleph Alpha's flagship product, the result of extensive research and innovation, is set to redefine the AI landscape. The large language model (LLM), called the Yi-34B, is an open-source, bilingual model with an impressive 34 billion parameters. It has rapidly gained recognition as one of the top pre-trained LLM models, setting new standards in the industry.
This investment will serve to bolster Aleph Alpha's research and development capabilities, enabling the acceleration of Generative AI for applications in data-sensitive sectors such as healthcare, finance, law, government, and security.
Jonas Andrulis, CEO and founder of Aleph Alpha, stated, "With this latest investment, we will continue to enhance our capabilities and enable our partners to be at the forefront of this technological development. To empower customers, Aleph Alpha will continue to expand its offerings while maintaining independence and flexibility for customers in infrastructure, cloud compatibility, on-premises support, and hybrid setups. For customers with significant responsibilities in strategic environments, where sovereignty is crucial, we will remain the best option."
The series B funding not only secures Aleph Alpha's strong financial position but also strengthens its academic partnerships, emphasizing reproducibility, excellence, and sharing innovation through open source.
The investment will play a vital role in enabling Aleph Alpha to offer sovereign AI solutions to enterprises and governments. It will further advance the development of proprietary AI models, ensuring that the company remains at the forefront of Generative AI technology.
Rolf Schumann, Co-CEO of Schwarz Digits, added, "Aleph Alpha will shape the future of Generative AI and set new standards for this key technology. As such, Aleph Alpha is a perfect fit with our sovereign Cloud and Cyber Security offerings. This technology will enable us to further optimize our digital services - both for the companies of Schwarz Group and our external customers."
With the active development of Generative AI, Aleph Alpha is set to play a crucial role in strengthening Europe's technological sovereignty. The consortium of investors comprises industry leaders and innovators committed to creating a pioneering ecosystem for Generative AI.
In conclusion, the Series B funding positions Aleph Alpha as a leader in Generative AI, reinforcing its commitment to delivering sovereign AI solutions to industries and governments worldwide. As the company continues to expand, it anticipates unlocking new possibilities in AI research, development, and commercialization.
About Aleph Alpha
Aleph Alpha was founded in 2019 with a mission to pioneer the technology behind strong AI. The company's dedicated team of international scientists, engineers, and innovators conducts transformative AI research and develops large language and multimodal models. Their generative AI solutions are trusted by enterprises and governmental institutions seeking independence, data security, and trustworthy AI applications.