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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

  • ▪Rolf Schumann and Christian Müller are Co-CEOs of Schwarz Digits.
  • ▪The Cohere-Aleph Alpha merger is subject to approval by Aleph Alpha shareholders and competent authorities.
  • ▪The combined Cohere-Aleph Alpha entity will be anchored in Germany and Canada.

Topics

AI foundation modelsAI startupsOpenAI

Related entities

GermanyCanada

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