Cohere Aleph Alpha Merger: $600M Deal, $20B Valuation
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 and shareholders, with a Series E valuation anchored at ~$20 billion. Cohere reported $240 million…