Aleph Alpha GmbH, an artificial intelligence startup trying to build a European rival to the large language models created by OpenAI and Google, has raised more than $500 million from a consortium of industrial giants and financial investors.

Schwarz Group and the venture arm of Robert Bosch GmbH joined a group of seven new investors in the financing round, which included SAP SE and US software firm Hewlett Packard Enterprise, the company said in a statement on Monday.