Cohere, the Canada-based enterprise AI unicorn, announced Friday that it would merge with the German-based enterprise AI company Aleph Alpha.
The deal, which has yet to close, will value the newly formed company at $20 billion, the FT reported. Schwarz Group, one of Aleph Alpha’s top backers, will also invest $600 million in Cohere’s Series E round, which is expected to close later this year, CNBC reported.
Originally reported by TechCrunch
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