Heidelberg-based Aleph Alpha, calling itself a leader in the field of explainable and trustworthy AI, announced the successful signing of its Series B financing round. The company raised more than 500 million US Dollars from a consortium of a total of seven new investors as well as existing investors from previous rounds.
The consortium is led by the Innovation Park Artificial Intelligence (Ipai), Bosch Ventures and the companies of Schwarz Group. Other new investors include Berlin-based Christ&Company Consulting, the global edge-to-cloud company Hewlett Packard Enterprise and German multinational enterprise application software company SAP, as well as Burda Principal Investments. Existing institutional investors participate in addition, completing the oversubscribed round.
Each party involved in this round plays a vital role in helping Aleph Alpha achieve its goal of providing sovereign AI solutions to enterprises and governments. The total funding exceeds half a billion US dollars, encompassing a … … weiterlesen →