Allen & Overy played a key role in advising SAP SE on its recent investment in Aleph Alpha GmbH, a prominent player in the generative AI sector. Based in Germany, Aleph Alpha GmbH has developed a comprehensive generative AI solution tailored for intricate enterprise applications.
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Notably, the company was a trailblazer in introducing multimodal, next-generation large language models, achieving state-of-the-art results by training its model on multiple European languages simultaneously. Aleph Alpha places a strong emphasis on interoperability, data privacy, and security, offering AI as a service along with flexible deployment options such as multi-cloud and on-premise installations.
Allen & Overy
The substantial investment, exceeding $500 million, comes from a consortium comprising seven new investors and existing backers. This injection of funds reinforces Aleph Alpha’s standing as a premier provider of sovereign generative AI applications in Europe. Additionally, it sets the stage for accelerated product development and scaling efforts.
The legal advisory team from Allen & Overy, led by partners Dr. Alexander Veith (Corporate/M&A) and Dr. Magnus Müller (Tax), both based in Munich, included Dr. Jens Matthes and senior associate Anna Kräling (both IP, Düsseldorf), as well as senior associate Dr. Jens Denninger (Tax) and associate Sophia Braun (Corporate/M&A, both Munich).
