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July 10, 2024

Aleph Alpha’s 2023 financial results show sales doubled but losses are up

The company tells Sifted that it will see an uptick in revenue in 2024 after it releases its new model in the summer

German AI startup Aleph Alpha — which sells access to its large language models to enterprises and governments and is posited as the German answer to OpenAI — raked in €945k in revenue for the full calendar year of 2023. That’s double 2022’s revenues, which amounted to €426.5k.

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Miriam Partington

Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

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