Aleph Alpha raises €450.0M Series B round

To strengthen the German and European AI position for the development of sovereign AI, enhance capabilities, expand offerings, maintain independence and flexibility for customers in infrastructure, cloud compatibility, on-premise support and hybrid setups, extend interfaces and customization options, bolster research capacity, and accelerate development and commercialization of generative AI for applications in healthcare, finance, law, government, and security. The funding includes €110 million in pure equity financing, €300 million for research funding, and €60 million in order commitments.

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