Burda Principal Investments (BPI), the international growth capital provider of media and technology company Hubert Burda Media, is participating in Aleph Alpha’s Series B financing round. BPI has been monitoring opportunities in Artificial Intelligence (AI) since 2018 and with this investment, BPI adds another AI company to its portfolio.

BPI is part of a consortium of new and existing investors

Aleph Alpha raised more than 500 million US Dollars from a consortium of a total of seven new investors as well as existing investors from previous rounds. The consortium is led by the Innovation Park Artificial Intelligence (Ipai), Bosch Ventures and the companies of Schwarz Group. Next to BPI, other new investors include the global edge-to-cloud company Hewlett Packard Enterprise, the German multinational enterprise application software company SAP and the Berlin-based Christ&Company Consulting.

Aleph Alpha is a German AI application and research company that has developed a Large Language Model (LLM) called “Luminous”. Both its explainability and its multimodality characterise this model. One of Aleph Alpha’s goals is to make the origin of the information transparent to users and to ensure that partners retain sovereignty over their data. The current investment round is intended to further strengthen the German and European position for the development of value-oriented, sovereign AI. The significant enhancement of the capabilities of LLMs by a European company gives both government agencies and companies the opportunity to build and apply AI in a sovereign environment, as Aleph Alpha combines data protection and security with customisation options.