OpenAI’s European rival Aleph Alpha raises €467M; backed by German giants Bosch, SAP

Heidelberg, Germany-based Aleph Alpha, a developer of generative artificial intelligence, announced on Monday, November 6, that it has secured $500M (approximately €467M) in a Series B round of funding from a consortium of a total of seven new investors as well as existing investors. The investment 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.