German AI Startup Aleph Alpha Secures $500M Funding from Lidl Owner, Bosch, and SAP
German AI startup Aleph Alpha has raised $500 million in a Series B funding round co-led by Lidl owner Schwarz Group and Bosch Ventures, along with five other new investors and existing institutional investors. The startup, which emphasizes client sovereignty over AI implementation, focuses on areas such as data protection and security, often working with governmental bodies and healthcare. With this funding, Aleph Alpha plans to expand its offerings while maintaining independence and flexibility for customers in infrastructure, cloud compatibility, on-premise support, and hybrid setups.