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Allen & Overy advises SAP on its investment in Aleph Alpha

Allen & Overy has advised SAP SE on its investment in Aleph Alpha GmbH, one of the market leaders in the field of generative AI.

Aleph Alpha GmbH is a Germany-based company that has built a sovereign, full-stack, generative AI solution focused on complex and critical enterprise use cases. Aleph Alpha was the first company to offer multimodal, next-generation large language models and achieve state-of-the-art results with a model trained equally on several European languages. The company focuses on interoperability, data privacy and security, offering both AI as a service as well as multi-cloud and on-premise installation.

Aleph Alpha is receiving more than $500 million in funding from a consortium of seven new investors and existing investors. The investment strengthens Aleph Alpha’s position as a leading provider of sovereign generative AI applications in Europe and paves the way for accelerated product development and scaling.

Allen & Overy team consisted of partners Dr Alexander Veith (Corporate/M&A), Dr. Magnus Müller (Tax, both Munich), 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).