The funding comes amid a surge in investments in AI startups outside the U.S. Recently, Israel-based AI21 Labs secured a $155 million Series C round from investors including Google and Nvidia. Paris-based Mistral AI, another competitor to OpenAI and Anthropic, is reportedly planning to raise an additional $300 million from investors, following a seed round worth approximately $111 million led by Lightspeed Venture Partners.
Key takeaways:
- Germany-based AI startup Aleph Alpha has raised $500 million in a Series B funding round led by Innovation Park Artificial Intelligence, Bosch Ventures, and the companies of Schwarz Group.
- The company, founded in 2019, allows businesses to develop and deploy large language and multimodal models, and has now raised over $640 million in total.
- There has been a recent increase in large AI investments outside the U.S., with Israel-based AI21 Labs securing a $155 million Series C, and Paris-based Mistral AI planning to raise an additional $300 million.
- Germany's Vice Chancellor and Minister for Economic Affairs, Robert Habeck, emphasized the importance of having European sovereignty in the AI sector, stating that having the best regulation but no European companies would not be a victory.