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Cohere stories

Sep 16, 2026

Cohere and Aleph Alpha merge to form $20 billion enterprise AI company

Canadian AI startup Cohere and German competitor Aleph Alpha have combined operations to create a $20 billion company targeting the enterprise AI market, keeping the Cohere brand.

Sep 16, 2026·2 sources
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Aug 25, 2026

Alice raises $140M for AI security business as revenue approaches $100M

Alice, an AI trust and security company formerly known as ActiveFence, raised $140 million in a funding round led by Apax Digital. The Israeli company, which is trusted by Anthropic, Google, and Cohere, has grown its AI security business more than 500% and is approaching $100 million in annual recurring revenue.

Aug 25, 2026·4 sources
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Apr 24, 2026

Cohere Acquires German AI Startup Aleph Alpha with $600 Million Backing from Schwarz Group

Canadian AI company Cohere is acquiring Aleph Alpha, once positioned as Germany's answer to OpenAI, just months after the German startup's founder was ousted. The Schwarz Group is providing $600 million in financing for the transatlantic merger.

Apr 24, 2026·2 sources
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Top claims

  • ▪Aleph Alpha GmbH, which has raised about $126 million in venture funding, was previously considered Germany's primary artificial intelligence champion
  • ▪Cohere Inc. develops Command, a family of open-source large language models designed to run inside a customer's own computing environment for enterprise and government markets
  • ▪European artificial intelligence company Mistral raised €3 billion at a valuation of more than €21 billion in September 2026

Topics

Business & enterprise AIAI startupsMedia industry consolidationEnterprise AI marketAI foundation modelsLarge language models (LLMs)Venture capital fundingAI securityAIOpenAI

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GermanyCanadaIsrael