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Industries
Consulting
AI & Machine Learning
Company Size
201-500
Company Stage
Series B
Total Funding
$623.6M
Headquarters
Heidelberg, Germany
Founded
2019
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Total Funding
$623.6M
Above
Industry Average
Funded Over
5 Rounds
A startup based in Heidelberg, Germany, named Aleph Alpha, secured $500 million in Series B funding. Of this, €110 million was invested in the company's capital, while the remainder was allocated as research grants. The investment was led by prominent German business giants, including Schwarz Group, SAP, and Bosch Ventures. Despite this significant backing, Aleph Alpha struggled to maintain the pace set by its competitor, OpenAI.
Die Deutsche Bank investiert in KI-Startup Aleph Alpha und sichert sich zwei Prozent der Anteile. Auch Earlybird und Burda bauen ihre Beteiligungen aus.
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn MoreAleph Alpha, a German artificial intelligence startup, released two new large language models (LLMs) under an open license on Monday, potentially reshaping the landscape of AI development. The move allows researchers and developers to freely examine and build upon the company’s work, challenging the closed-source approach of many tech giants.We are excited to launch our two models Pharia-1-LLM-7B-control and Pharia-1-LLM-7B-control-aligned. Both models and the code used to train them are now publicly available and open-sourced for non-commercial research and educational use.Read our model blog post here:… pic.twitter.com/VPCMZ0x6Pw — Aleph Alpha (@Aleph__Alpha) August 26, 2024The models, Pharia-1-LLM-7B-control and Pharia-1-LLM-7B-control-aligned, boast 7 billion parameters each. Aleph Alpha designed them to deliver concise, length-controlled responses in multiple European languages. The company claims their performance matches leading open-source models in the 7-8 billion parameter range.This release marks a significant shift in the AI development landscape, where transparency and regulatory compliance are becoming as crucial as raw performance
In mid-2023, Jonas Andrulis urgently needed funds for his AI start-up, Aleph Alpha. While competitors like OpenAI, Anthropic, and Mistral raised hundreds of millions of dollars, Aleph Alpha had only €28 million, insufficient to stay competitive in the AI race.
Während das eine AI-Startup floriert und seit dem Launch vor etwas mehr als einem Jahr bereits sieben (!) unterschiedliche AI-Modelle samt ChatGPT-Konkurrent und Partnerschaften mit Microsoft oder Databricks vorzeigen kann, gibt es vom anderen großen europäischen AI-Startup wenig Neues – und wenn, dann eher Negatives. Genau, die Rede ist einerseits vom französischen AI-Startup Mistral AI, das mittlerweile pro Mitarbeiter:in mit mehr als 100 Mio. Euro bewertet wird – und andererseits von Aleph Alpha aus Deutschland. Aleph Alpha gilt (oder galt?) als der deutsche Hoffnungsträger in Sachen generativer AI. Schon viele Jahre vor dem Hype (2019) gegründet, wurde es 2023 stets noch in einem Atemzug mit Mistral AI genannt – als eine der wenigen Firmen, die es in Europa mit den Multi-Milliarden-Startups wie OpenAI oder Anthropic aufnehmen könnten. Gab es wirklich 500 Mio
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Industries
Consulting
AI & Machine Learning
Company Size
201-500
Company Stage
Series B
Total Funding
$623.6M
Headquarters
Heidelberg, Germany
Founded
2019
Find jobs on Simplify and start your career today