Cohere and Germany's Aleph Alpha sign merger, new company valued at about $20 billion
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
Canada and Germany are assembling a "sovereign" SI champion for businesses and governments — those who don't want to depend on American or Chinese models get a major alternative.
Canada's Cohere and Aleph Alpha signed a definitive merger agreement on September 16, announced back in April; the combined company will operate under the Cohere brand with headquarters in Toronto and Berlin, and the Heidelberg office will become a research center. Germany's Schwarz Group is investing €500 million, and its cloud STACKIT plans €11 billion for data centers of up to 100 thousand GPUs. A year ago Cohere was valued at $7 billion with $240 million in revenue for 2025; the deal awaits regulatory approval.
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