Cohere announced a merger with German enterprise AI startup Aleph Alpha, valuing the combined company at $20 billion. Schwarz Group committed $600 million to Cohere's Series E round. The deal positions the merged entity as a transatlantic alternative to Silicon Valley AI dominance, emphasizing data independence and control for enterprise and government customers.
Strategy
Cohere acquires, merges with German-based startup to create a ‘transatlantic AI powerhouse’
Cohere merges with Aleph Alpha in a $20B deal backed by Schwarz Group's $600M investment, positioning a European-anchored AI alternative on data sovereignty and independence from Silicon Valley dominance.
Friday, April 24, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline
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