Analysis

April 24, 2026

Aleph Alpha strikes $20bn merger deal with Canada’s Cohere

German investor Schwarz Digits to invest $600m in new transatlantic entity

Martin Coulter

2 min read

Canadian AI startup Cohere has agreed to take over Germany’s Aleph Alpha in a deal valuing the combined group at around $20bn, banking on both country’s desire for “sovereign” AI systems independent of the US.

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Martin Coulter

Martin Coulter is Sifted's news editor, based in London. You can follow him on LinkedIn and X

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