Company
German AI company building large language models and generative AI tools, focused on sovereign AI for European enterprises and governments.
Cohere signed a letter of intent on Oct. 15 to buy Prague-based Aisle, an AI security startup with about 50 staff. Cohere's stated reason is a sovereign platform for customers.
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Aleph Alpha published Kolibri, a 78B-parameter English and German mixture-of-experts model, under Apache 2.0 with about 3.46B parameters active per token. Teams that cannot send prompts to outside servers can host it themselves if they pay for the GPUs.
Reality
Cohere signed its combination with Aleph Alpha on September 16 and still needs regulatory approval. The numbers on the record are a 500 million euro pledge from Schwarz Group to lead a Series E reported at $2 billion to $3 billion.
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Census authors on dev.to count 13 of 21 AI providers publishing the EU AI Act's training-content summary, up from the 2 they reported nine days earlier. Most newly counted documents sit on legal or trust pages the model card never links to, so checks that stop at the card miss them.
Reality
DeepSeek and Mistral are the only 2 of 21 large AI providers publishing a training-data summary in the EU AI Act's template, a dev.to census found. Most of the rest describe training data inside model cards, so buyers on EU contracts have to check the template's fields by hand.
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Cohere's North 2 agent platform lets administrators track token use down to each user and agent and cap spending across the whole company. Cohere is selling to whoever answers for agent cost and risk, and the launch report backs that with three customer accounts and no prices.
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5 publishersReality
Aleph Alpha released Kolibri, an Apache 2.0 German-English model that activates 3.46B of its 78.1B parameters per token. Each token costs about as much compute as a small model, yet a team hosting it in Europe still has to fit every expert in memory.
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Cohere's annual recurring revenue reached $240m in early 2026. The $20bn valuation attached to its Aleph Alpha merger prices that at about 83 times, against roughly 70 times when the Toronto company was worth $7bn last September.
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3 publishersReality
Both governments funded Yoshua Bengio's safe-by-design institute at Montreal's ALL IN, where Cohere agreed terms with Germany's Aleph Alpha and OpenAI's managing director called Canada an obvious place for a data centre.
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Cohere and Aleph Alpha have signed their combination. A regulated buyer that ran both model developers through the same evaluation is now choosing between one supplier and the sovereign stacks other vendors are assembling.
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The Globe and Mail reports talks to raise $2 billion to $3 billion at a valuation nearly triple last September's $7 billion, with Ottawa and Berlin in the conversation and most of the money expected to come from private investors.
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The jump from $7bn to $20bn in a year prices a claim that CEOs will pay for control rather than capability, which is plausible after Washington restricted a US model in June and untestable until the 40% forecast turns into signed orders.
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