Aleph Alpha, which has built its own large language models, raised $500 million in a series B round backed by Bosch, SAP and Hewlett Packard Enterprise.
Aleph Alpha will use the fresh funds to invest in research on foundation models, advanced product capabilities and commercialization of its software.
Aleph Alpha, a German startup taking on Microsoft-backed artificial intelligence firm OpenAI, said Monday it had raised $500 million in a funding round backed by the likes of Bosch, SAP and Hewlett Packard Enterprise. "With this latest investment, we will continue to enhance our capabilities and enable our partners to be at the forefront of this technological development," said Jonas Andrulis, CEO and founder of Aleph Alpha."To empower customers, Aleph Alpha will continue to expand its offerings while maintaining independence and flexibility for customers in infrastructure, cloud compatibility, on-premise support and hybrid setups.
This concept has gained traction with high-profile European politicians and lawmakers as they seek to ensure that they aren't at the mercy of the U.S. when it comes to data storage and processing.
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