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COMPANY · ENTITY #3204

Schwarz Group

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EVENT TIMELINE

2

STARTUPS · 1 SOURCE · Cohere

Cohere announces initial close of Series E targeting CAD $7B to build frontier AI outside US/China

Cohere announced an initial close of its Series E funding round, targeting up to CAD $7 billion, led by Schwarz Group with participation from investors including Bell Ventures, Bullhound Capital, Inovia Capital, NVIDIA, Prosperity7 Ventures and the Government of Canada. The company says it will use the funds to build frontier AI models and a secure platform for institutions to run and own AI under legal jurisdictions outside the U.S. and China, arguing democracies need more independent builders.

8.0

COMPANIES · 1 SOURCE · Cohere

Cohere and Aleph Alpha sign deal to create transatlantic 'sovereign AI' company

Cohere and Germany’s Aleph Alpha have signed a definitive business combination agreement to combine operations and position the unified company as a transatlantic sovereign AI provider, subject to final regulatory approvals expected later this year. The combined firm will be dual-headquartered in Berlin and Toronto, expand to over 1,000 employees, keep Aleph Alpha’s Heidelberg research centre, appoint Ilhan Scheer as Cohere COO and Samuel Weinbach as Cohere Chief Research Officer, and deepen a partnership with Schwarz Digits to deliver sovereign AI on STACKIT.

8.0