🏆 Deal of the Week · CW 45/2023
Aleph Alpha raised $500 million in a Series B round, with valuation remaining undisclosed. The round was backed by a consortium of seven strategic and institutional investors including Bosch Ventures, SAP, Schwarz Group, and Hewlett Packard Enterprise. The deal was recognised as Deal of the Week for KW 45/2023.
European OpenAI Competitor Aleph Alpha Raises $500M — key deal facts
| Company | European OpenAI Competitor Aleph Alpha Raises $500M |
| Founded | 2019 |
| Headquarters | Heidelberg, Germany |
| Amount raised | 500M USD |
| Valuation | Valuation Remains Undisclosed |
| Round | Series B |
| Investors | Bosch Ventures Burda Principal Investments Christ & Company Hewlett Packard Enterprise Innovation Park Artificial Intelligence SAP Schwarz Group |
| Sectors | Artificial Intelligence (AI) |
Who invested in European OpenAI Competitor Aleph Alpha Raises $500M?
The investor syndicate comprises Bosch Ventures, Burda Principal Investments, Christ & Company, Hewlett Packard Enterprise, Innovation Park Artificial Intelligence, SAP, and Schwarz Group. The mix is notably dominated by large European industrials and technology corporates rather than traditional venture capital firms, signalling strong strategic demand for sovereign AI infrastructure among Germany's established enterprise sector.
What does European OpenAI Competitor Aleph Alpha Raises $500M do?
Aleph Alpha is a German generative AI company founded in 2019 and headquartered in Heidelberg, Germany. The company develops sovereign, human-centric AI solutions targeting enterprises and governments in security-critical sectors. Its flagship product suite, PhariaAI, encompasses PhariaAssistant, PhariaStudio, and PhariaOS, enabling clients to design and deploy bespoke AI workflows. Jonas Andrulis serves as Founder and CEO, positioning the company as Europe's primary alternative to US-based large language model providers such as OpenAI.
European OpenAI Competitor Aleph Alpha Raises $500M valuation & multiples
No existing multiples analysis was provided for this deal. As valuation remains undisclosed, EV/Sales and EV/EBITDA calculations cannot be derived from verified figures. For sector-level benchmarks applicable to enterprise AI and generative AI software companies, visit the relevant Artificial Intelligence sector multiples pages on DealMatrix.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Aleph Alpha raise in its Series B?
Aleph Alpha raised $500 million in its Series B round, recognised in KW 45/2023.
What is Aleph Alpha's valuation?
Aleph Alpha's valuation was not disclosed in connection with this Series B round.
Who invested in Aleph Alpha's Series B?
The round was backed by Bosch Ventures, Burda Principal Investments, Christ & Company, Hewlett Packard Enterprise, Innovation Park Artificial Intelligence, SAP, and Schwarz Group.
When was Aleph Alpha founded and where is it based?
Aleph Alpha was founded in 2019 and is headquartered in Heidelberg, Germany.
Source: original announcement — read the full report.