German startup Aleph Alpha, which aims to revolutionize the accessibility and usability of Artificial General Intelligence (AGI) in Europe, raised US$ 27M in a Series A funding round on 27 July 2021.
Investors: The funding round was co-led by Earlybird VC, Lakestar and UVC Partners. Aleph Alpha has raised a total of €28.3 million (US$ 33.3 million) to date.
About Aleph Alpha
Founded in 2019 by Jonas Andrulis and Samuel Weinbach, Aleph Alpha develops AI systems for modern security challenges. Aleph Alpha conducts research and develops and operationalizes large AI systems towards generalizable AI, offering GPT-3-like text, vision and strategy AI models. It will run a public API enabling public and private sectors to run their own AI experiments and develop new business models.
The startup has a strong commitment to open-source communities such as Eleuther.AI and academic partnerships. It aims to support fairer access to modern AI research aimed at counteracting ongoing de-democratization, monopolization and loss of control or transparency. Aleph Alpha’s mission is to become a “sovereign EU-based compute infrastructure” for Europe’s private and public sectors. It wants to centre itself in the EU under EU law, GDPR and regulation.
What the CEO has to say: “Aleph Alpha’s mission is to enable the accessibility, usability and integration of large, European multilingual and multimodal AI models following the likes of GPT-3 and DALL-E, driving innovation for the explainability, alignment and integration. The funds significantly accelerate the process of bringing the latest generation of AI technology into an application and secure the digital sovereignty for public and private sector partners in Europe and beyond.” — Jonas Andrulis, CEO and founder of Aleph Alpha.
What the investors have to say: “We’re excited to partner with the exceptional team around Jonas and Samuel on their vision to develop one of the most transformative platform technologies of our time and bring Artificial General Intelligence into reality – made in Europe. They are uniquely positioned to bridge the gap between cutting-edge research and real-world applications, unlocking incredible potential across industries.” — Dr. Hendrik Brandis, Co-Founder and Partner at Earlybird.
“The latest advances towards artificial general intelligence – non-domain specific autonomous systems delivering task performance beyond human capabilities – especially in the domain of large language models, provides us with glimpses of AI’s tremendous promise for the future. We are impressed by the results Aleph Alpha has delivered to date. We believe Aleph Alpha has the right people and ambition to deliver generalizing AI models that are as innovative as their US and Chinese counterparts.” — Dr. Klaus Hommels, Lakestar.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Article
 in Europe, raised US$ 27M.){kind=link}