Lidl owner and Bosch Ventures co-lead $500M Series B into German AI startup Aleph Alpha.

German AI startup Aleph Alpha has raised a Series B funding round of $500 million from a consortium of seven new investors, as well as existing investors from previous rounds. Founded in 2019, Aleph Alpha’s funding may be dwarfed by that of Microsoft-backed OpenAI ($11.3 billion), but the startup makes great play of the fact …

Berlin-based Ostrom picks up extra €7.5 million in order to advance Europe’s green energy transition

After closing its €9.3 million Series A in December 2022, Ostrom has raised an additional €7.5 million in an investment round led by SE Ventures, a Silicon Valley-based venture fund backed by Schneider Electric. Existing investors Union Square Ventures, Adjacent, J12, and Übermorgen also participated in the financing, extending its Series A to €16.8 million …

Investors back AskUI’s unique approach to process automation with €4.3M funding

Today German prompt-to-automation platform AskUI announced €4.3 million in seed funding. The platform uses artificial intelligence to understand applications and their context, providing a unique and cost-effective solution for automating intentions, not interactions. Conventional automation solutions offer powerful functionalities but are complicated to deploy and configure. Customising these platforms requires massive consultancy efforts, reliance on APIs, and …