Cohere to acquire German AI company Aleph Alpha as it looks to expand in Europe

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TLDR

  • Canadian AI lab Cohere is acquiring German AI company Aleph Alpha, with Aleph Alpha backer Schwarz Group investing $600M in Cohere’s Series E.

Key Facts

  • Schwarz Group plans to invest $600M in Cohere’s upcoming Series E round, expected to close in 2026.
  • The deal has not closed and remains subject to regulatory approval; financial terms were not disclosed.
  • Cohere has previously raised $1.6B from investors including Nvidia and AMD, and was valued at $7B in 2025.
  • Aleph Alpha holds commercial contracts with the German ministry for digital affairs and the Baden-Württemberg regional government.

Why It Matters

  • The acquisition gives Cohere direct access to Germany’s public sector AI relationships and accelerates its European expansion.
  • Both companies frame the deal around sovereign AI: secure, controllable AI deployments not tied to a single provider or jurisdiction.

Kai Nicol-Schwarz / CNBC · 2026-04-24 · Read the original