The investment arm of Deutsche Bank invests in the German B2B artificial intelligence specialist Aleph Alpha.
The bank takes over the share packages of two early investors. 468 Capital and Lakestar are exiting.
Other investors are Schwarz Group and Innovation Park Artificial Intelligence.
Deutsche Bank describes Aleph Alpha from Heidelberg as ‘as a strategic investor and partner’.
Bernd Leukert, Chief Technology, Data and Innovation Officer, says: “The focus of Aleph Alpha sovereign and explainable AI solutions opens up a wide range of opportunities for the highly regulated financial sector to harness the potential of artificial intelligence responsibly and securely.”
Almost exactly a year ago, the start-up raised more than half a billion dollars in growth funding in its second major investment round. Then Bosch Ventures, Hewlett Packard Enterprise, SAP and Burda Principal Investments also joined.
Photo: Paul Fiedler, Unsplash
Source: www.emerce.nl
