Bosch: Bosch Ventures leads investment round in AI start-up Aleph Alpha

November 6, 2023: Bosch Ventures, the corporate venture capital unit of the Bosch Group, together with Schwarz Group companies and Innovationspark Heilbronn (Ipai), is leading an investment round in AI start-up Aleph Alpha. The company will receive more than USD 500 million in funding from a strong industry consortium of seven new investors as well as existing investors from previous rounds. This commitment strengthens opportunities for Aleph Alpha to further advance its AI research and accelerate the development and commercialization of generative artificial intelligence (AI) for complex and critical applications in industries such as industrial, healthcare, finance, legal, government and security.

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Dr. Tanja Rückert, Chief Digital Officer of the Bosch Group, member of the Board of Management of Robert Bosch GmbH from 01.01.2023. Photo: Bosch

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“Generative AI enables a new era of collaboration between humans and machines. Our partners are industry leaders that offer tremendous potential for innovation and scale, and we are committed to growing these partnerships into a leading position in their respective industries. Our unique explainability and trust technology plays a crucial role in this,” says Jonas Andrulis, founder and CEO of Aleph Alpha. Based on proprietary research and development of large language models, Aleph Alpha provides generative AI solutions for critical and complex application areas in enterprises and public institutions.

Focus on trustworthy AI

Bosch Ventures, one of Europe’s largest corporate venture capital investors, specializes in investments in innovative technology start-ups. Its active portfolio includes more than 60 company investments, mainly in the fields of artificial intelligence (AI) and the Internet of Things (AIoT), semiconductors, quantum computing and much more. “We are convinced that generative AI has the potential to change many areas of industry and therefore have high hopes for Aleph Alpha’s further developments with a focus on trustworthy and explainable AI solutions,” explains Dr. Ingo Ramesohl, Managing Director of Bosch Ventures.

The consortium is led by Bosch Ventures, Innovationspark Künstliche Intelligenz (Ipai) and the companies of the Schwarz Group. Other new investors include Berlin-based Christ&Company Consulting, the US edge-to-cloud company Hewlett Packard Enterprise and the German software company SAP as well as Burda Principal Investments. Existing institutional investors are also participating and completing the oversubscribed round.

Generative AI is an innovation booster and key technology

Generative AI offers the opportunity to increase productivity enormously. The technology makes it possible to consolidate complex information from different sources in natural language. Generative AI also makes it easy for non-IT-savvy users to interact with IT systems, for example to obtain production data from an IT system. Interaction in natural language thus enables a much broader impact – AI is no longer a specialist skill. Compared to previous AI models, the new models are particularly powerful as they are trained on the basis of a very large amount of data. “Generative AI is an innovation booster and can change the industry, similar to the invention of the computer,” says Dr. Tanja Rückert, member of the Bosch Board of Management. “The further development of generative AI will be decisive for Europe’s technological sovereignty. That’s why we at Bosch are developing fields of application and business models and shaping the technology in close collaboration with other companies,” says Rückert.

Content-based collaboration with Aleph Alpha

Bosch also wants to exploit the potential of generative AI beyond the investment from Bosch Ventures – and has announced a content-based collaboration with Aleph Alpha. The aim is to jointly implement new use cases for both Bosch associates and customers, utilizing the specific strengths of Aleph Alpha. The cooperation is designed to be a long-term partnership. Bosch and Aleph Alpha want to learn from each other, benefit from each other’s know-how and work together on cross-domain use cases. The Aleph Alpha solution can also be operated in Bosch’s own data centers and with Bosch’s own hardware, which offers increased security for confidential data. In addition to Aleph Alpha, Bosch is also working with Microsoft, Google and AWS on generative AI.

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