https://techcrunch.com/2023/11/06/lidl-owner-and-bosch-ventures-co-lead-500m-series-b-into-german-ai-start-up-aleph-alpha/

German AI start-up Aleph Alpha has raised a Series B funding round of $500 million from a consortium of seven new investors, as well as existing investors from previous rounds.

Founded in 2019, Aleph Alpha’s funding may be dwarfed by that of Microsoft-backed OpenAI ($11.3B), but the startup makes great play of the fact that its clients have ‘full sovereignty’ over the implementation of AI into their businesses. So although it’s tempting to compare Aleph Alpha with other foundational models like Open AI, it’s much closer to startups like France’s Mistral ($112 million in funding), which works with large corporates to deploy LLMs internally.