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Announced

Completed

Earlybird, Lakestar and UVC Partners led a $27m Series A funding round in Aleph Alpha.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private Equity

Venture Capital

artificial intelligence software

Acquisition

Germany

IT Services: Other

Private

Minority

Completed

Cross Border

Synopsis

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Earlybird, Lakestar and UVC Partners led a $27m Series A funding round in Aleph Alpha, a developer of generalizable artificial intelligence technology. Additional investors include LEA Partners, 468 Capital and Cavalry Ventures. “Aleph Alpha’s mission is to enable the accessibility, usability and integration of large, European multilanguage and multimodal AI models following the likes of GPT-3 and DALL-E, driving innovation for the explainability, alignment and integration. The funds significantly accelerate the process of bringing the latest generation of AI technology into application and secure the digital sovereignty for public and private sector partners in Europe and beyond," Jonas Andrulis, Aleph Alpha CEO and Founder.

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