Tag enterprise AI

Cohere Aleph Alpha Merger: $600M Deal, $20B Valuation

Cohere Aleph Alpha merger creates sovereign AI entity with $600M Schwarz Group investment and $20B valuation, targeting regulated industries.

Cohere merged with Aleph Alpha in a $600 million deal backed by Schwarz Group’s €500 million structured financing to form a sovereign AI alternative. The new Canadian-German entity will be led by Cohere, pending approval from Canadian and German authorities…