Aleph Alpha’s Post

📣 Breaking News: Aleph Alpha's Monumental Series B Funding! 🌟 We're excited to announce that Aleph Alpha, the German trailblazer in Generative #AI, has just completed a colossal Series B #financing round, securing over $500 million! 🌠💰 🤝 The investment round is spearheaded by the stellar trio - Innovation Park Artificial Intelligence (Ipai), Bosch Ventures, and Schwarz Group companies. This game-changing collaboration brings together the crème de la crème of investors, including new partners like Christ&Company Consulting, Hewlett Packard Enterprise, SAP, and Burda Principal Investments, along with our steadfast existing investors. 🚀 Aleph Alpha is channeling the investment into groundbreaking research on foundation models and amplifying our product capabilities, especially for critical business environments. 📍 From its home base in Heidelberg, Aleph Alpha is spearheading the charge in explainable and trustworthy AI, ready to mark our stamp on the global stage. 💥 Jonas Andrulis, the visionary CEO said: "This investment is a giant leap forward. We're not just advancing our AI research but also empowering our partners to lead the tech revolution. With our enhanced capabilities, Aleph Alpha is set to be an indispensable ally in strategic, sovereignty-sensitive environments." #AlephAlpha #SeriesBFunding #GenerativeAI #Innovation #Technology #HeidelbergFundingAlert

I've stepped down from my role as managing director of nyonic and will be leaving the company together with my co-founders Dr. Feiyu Xu, Johannes Otterbach, and Hans Uszkoreit. It’s not easy to leave a venture I’ve poured my heart into. Still, I believe it's the right decision. Some of you have asked me about the articles in #Handelsblatt, #Sifted and other press outlets. Here are my personal thoughts: I am very proud of what we have accomplished in just a few months... ➡️ Our team grew to 35 extremely smart people ➡️ We built a unique system for training Industry Foundation Models ➡️ We built dedicated datasets for industry knowledge and multilingual language training  ➡️ We started co-innovation projects with our first customers ➡️ We have built models that are smaller and perform better in many industry-specific tasks than those currently available on the market. …however, I’ve encountered significant obstacles in pursuing my core mission: to build Foundation Models for European industry with European values at their core. For the four of us, this vision and strong commitment to Europe was never negotiable. We have reached irreconcilable differences on the strategic direction of the company. As a result, I believe the only way forward is to leave the company. I am a big believer in the European ecosystem and will continue to play a very active role in shaping the future of our AI landscape. So this is obviously not the end of my entrepreneurial journey, just the end of one and the beginning of another.

Last July, Promedius achieved a notable distinction by securing 🏆the third position at the esteemed 5th Zhongguancun Talent Maker Competition held in Beijing. The competition is a global science and technology innovation competition and is a big event with about 150 guests, including representatives from human resources and social security bureaus and venture capital organizations in Haidian District, Beijing. We competed against 20 excellent entrepreneurial project teams and came away with the proud award! Building on this pitching competition, we have officially begun to promote PROS CXR: OSTEO🦴, the flagship AI solution of Promedius. The on-site response at the competition was fervent. The ability to detect patients with suspected osteoporosis using only a chest X-ray, which could lead to early screening and treatment of a large number of asymptomatic osteoporosis patients around the world, was a big selling point. As well as the fact that Promedius was the first to publish a research paper on the solution. This remarkable opportunity not only allowed us to showcase Promedius' prowess and strategic vision across a vast continent but also bestowed upon us the honor of enhancing Korea's prominence within the influential domain of China's AI leadership. For further insights, we invite you to explore the resources linked below. 👉bit.ly/3OrXLDO

New Investing In Spain conversation: Entrepreneur Marta Higuera shares her insights on designing a career of purpose and innovation. Marta provides valuable advice on navigating the 'sea of gray' when making major professional decisions. As the leader of AI Labs at Insud Pharma, Marta also discusses the enormous potential of AI in bringing beneficial medical care to the market more quickly. #InvestingInSpain #CareerAdvice #AIinMedicine https://lnkd.in/gdFuia6s

I got to know Max Junestrand and August Erséus at Norrsken and when they said they were starting a company together with Sigge Labor to revolutionise the way legal work is done, it was the easiest decision ever to back them. No-one in the world will out-work them. With breathtaking speed, they’ve now rolled out their solution together with Mannheimer Swartling and will join YC’s next cohort. If you want to find out more how they can change the way legal work is done in your company, book a demo at www.leya.law. The waitlist is building up very fast. (This was probably the last angel investment I’ll ever make, since it’s now 100% focus on Norrsken Launcher) https://lnkd.in/d75y8_FQ

That time of the year again for Atlas Venture's year in review. The biotech industry's "state of the union", it's packed with great information and analysis so well worth the investment of time. Really delighted to see a small section on talent acquisition and picking on themes that impact our eco-system. Includes what we all know: a lot of volatility and turnover in 2023 (significant amount of which is involuntary) – attrition in Boston as high as 28% this year. A unique challenge for companies and industry medics alike - currently writing a piece on this. The other two interesting points that we have observed anecdotally 1) skilled and high-impact c-suite physicians are very hard to find and 2) a completely different landscape when it comes to office/lab space. A seven fold increase in space compared to recent years and drop in price of circa 20-30%. I was having this conversation with the CMO of European biotech company moving to the US only a few weeks ago. Happy viewing! https://lnkd.in/efiCXTMe

#GenAI is at an inflection point where organizations are going all out to plan investment based on its highly promising potential and powerful use cases. But how equipped are we to understand its longer-term implications? My colleague Stacy Janiak shares her thoughts on staying ahead in this transformative era as the momentum for GenAI builds. https://deloi.tt/3w2LUXx

Excited to getting started with our new green manufacturing project! 'ExoFuse' is about transitioning to exothermal heating with the use of AI on a catalyst/resin mixture as a strategy to reduce energy consumption. #ektgr #innovationEKT #digitaltransformation #industry4 #innovation #productionagility #manufacturingindustry #productionoptimization #circulareconomy #circularmanufacturing #ecorunner59gen2x #redfin50 #wavepiercing #trygonstech #trygonsboats #trygons #anglingboat #spearfishing #recreationalfishingboat #ecorunner #ecorunnerboats #σκάφοςγιαψάρεμα #σκάφοςγιαεκδρομές #manufacturing

🚀 Funding News Alert! 🚀 🚀 🚀 We are thrilled to announce that Kore.ai has secured a strategic growth investment of $150 million led by FTV Capital along with NVIDIA and other existing investors. This strategic investment will accelerate our conversational and GenAI innovations and further solidify our position in the advanced AI market, empowering us to help enterprises put AI to work and meet the evolving needs of global brands. Heartfelt gratitude towards our longstanding global customers, partners, advisors, and the entire kore.ai family for being part of this incredible journey. 🌐✨ We are just beginning! The best is yet to come! #AIInnovation #StrategicInvestment #KoreAI #funding #FTVcapital #conversationalai #genai

📘 Check out this must-read feature in Forbes, which spotlights how our portfolio company, Homaio, is unlocking one of the most exciting investment opportunities of our time. 🚀 Led by the brilliant Valentin Lautier, Homaio is making waves in the market. 🔗 Dive into the Forbes article for insights, and don't forget to explore Homaio on their website! https://lnkd.in/eFJnfMB6