Advising Earlybird on the USD 500M Series B of AI startup Aleph Alpha

Key Facts



500 Mio. $


Series B



Counsel to


NEON advised Earlybird on the most important venture capital deal of the year: the USD 500M Series B of Aleph Alpha, Germany's leading developer of generative artificial intelligence (AI).

7 November 2023 | The oversubscribed round was led by IPAI, Bosch Ventures and the companies of the Schwarz Group.
Other new investors include Berlin-based Christ&Company Consulting, global edge-to-cloud company Hewlett Packard Enterprise, German multinational enterprise application software company SAP, and Burda Principal Investments. Existing institutional investors such as Earlybird Venture Capital are also participating. The founders Jonas Adrulis and Samuel Weinbach have been setting milestones with Aleph Alpha since 2019. The Heidelberg-based startup is now competing with the American AI system Open AI. With the USD 500M, Aleph Alpha is once again becoming a beacon of hope for AI development in Europe.

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