Cohere to buy Aleph Alpha to enter Europe's regulated markets
NewsBytes | April 25, 2026 4:39 PM CST
Schwarz Group invests $600 million in Cohere
Cohere's CEO Aidan Gomez says this acquisition will help the company grow and stay ahead with better tech.
The deal also brings in a $600 million investment from Schwarz Group (the folks behind Lidl and Kaufland).
After everything's wrapped up, most of the new company will be owned by Cohere shareholders (about 90%), with Aleph Alpha's owners holding around 10%.
This partnership also lines up with Canada and Germany's push for more independent sovereign AI development, and another big funding round for Cohere is expected soon.
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