Artificial intelligence startup Aleph Alpha raised $500 million in Series B investment round. Bosch Ventures and Schwarz Group led the Series B investment round of the Germany-based startup. Other investors of the startup are Burda Principal Investments, Hewlett Packard Enterprise, Christ & Company Consulting and SAP. The Germany-based startup will use the new investment for new product development, R&D activities, expansion and marketing.
Aleph Alpha Develops Artificial Intelligence Solutions
Aleph Alpha was launched in 2019 by Jonas Andrulis. The Germany-based startup gives businesses full control over the use of artificial intelligence technologies. In this way, businesses can customise and manage their own business thanks to the technologies developed by the startup.
The startup works with large companies. As a result of this work, it has professionalised the implementation of artificial intelligence models within the organisation. As a result, the Germany-based startup does not have to compete with large companies. It develops special solutions and differentiates its work.
The startup develops artificial intelligence solutions according to business needs. It also maximises business efficiency with the solutions it develops. It also pays attention to the compliance of companies with issues such as strict data protection laws, especially EU regulations. It also offers support in many areas such as legal compliance and data security.