Gleiss Lutz advised Bosch Ventures, the Bosch Group’s corporate venture capital unit, on an investment round in the AI startup Aleph Alpha. Together with companies from the Schwarz Group and the Innovation Park AI (IPAI) in Heilbronn, Germany. Aleph Alpha will receive more than USD 500 million in funding from a strong industry consortium comprising seven new investors; existing investors are joining the oversubscribed round.
Aleph Alpha provides software solutions with explainable and trustworthy generative AI for companies and administrative bodies. Thanks to this financial support, the startup will have even better opportunities to take its AI research further and to accelerate the development and commercialization of generative AI in complex and critical applications in areas such as manufacturing, healthcare, finance, law, government, and security.
As one of Europe’s largest corporate venture capital investors, Bosch Ventures specializes in investments in innovative technology startups. Its active portfolio includes more than 60 companies in several fields, mainly AI, the internet of things (AIoT), semiconductors, and quantum computing.
Inhouse Dr. Ulrich Zeller, Matthias Geiger (both Corporate/M&A) and Dr. Uwe Schneider (IP) were the mainly responsible members of Bosch Group's legal department.
The following Gleiss Lutz team advised Bosch Ventures: Dr. Martin Viciano Gofferje (lead, partner), Dr. Pirmin Emanuel Schreiner (both M&A/Venture Capital), Dr. Alexander Molle (partner, IP/IT, all Berlin).
Gleiss Lutz regularly advises German and international companies and venture capital investors on large-volume financing rounds and exits in the business segments of artificial intelligence, information technology, TMT, Industry 4.0, and digital economy, including Pitango on investment rounds of Patient21, the shareholders of Gymlib on the sale to eGym, Tiger Global on numerous investments, and the shareholders of hotjar on its sale to Contentsquare.
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