27.07.21
BMH BRÄUTIGAM advises Earlybird on € 23 million Series A financing round of AI startup Aleph Alpha
BMH BRÄUTIGAM has advised Earlybird Venture Capital as lead investor on the €23 million Series A financing round of AI research and application startup Aleph Alpha. Other investors included Lakestar and UVC Partners, as well as existing investors LEA Partners, 468 Capital and Cavalry Ventures.
Aleph Alpha is one of the most promising German startups in the field of General AI, based in Heidelberg. Founded in 2019 by AI serial entrepreneur Jonas Andrulis and co-founder Samuel Weinbach, the startup researches, develops and operationalizes large-scale AI systems towards generalizing AI. Aleph Alpha will offer GPT-3-like text, image and strategy AI models via an API in the future. These will enable public and private sector partners to modernize existing business models as well as develop new, innovative business models in data-driven value creation.
With the newfound support of Europe's leading deep tech investors, Aleph Alpha will be able to further accelerate the independent development of cutting-edge AI systems and further expand its team of world-class AI researchers, engineers and delivery professionals.
Background: BMH BRÄUTIGAM has already supported Earlybird in many investments. After advising on the investment in AI startup thingsTHINKING, Aleph Alpha is now another Earlybird portfolio company in the AI space. We are looking forward to further exciting financing rounds.
Team BMH BRÄUTIGAM: Dr. Alexander Wulff (Lead), Raoul Moritz Nissen, Till Wansleben, Maximilian Frink, Daniel Schlichting (all Venture Capital)