Canadian artificial intelligence firm Cohere Inc. has agreed to merge with German counterpart Aleph Alpha GmbH to create what the companies say will be a “transatlantic AI powerhouse.”
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The companies have not disclosed the financial terms of the deal, though the Schwarz Group, a German retailer, will invest 500 million euros in its upcoming financing round.
“Organizations globally are demanding uncompromising control over their AI stack. This transatlantic partnership unlocks the massive scale, robust infrastructure, and world-class R&D talent required to meet that demand,” Cohere chief executive Aidan Gomez said in a news release.
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“Built on the bedrock of shared Canadian and German values — where privacy, security, and responsible innovation are paramount — we are uniquely positioned to be the world’s trusted AI partner.”
Together, the two companies plan to build an independent AI option in regulated sectors, including governments.