Cohere

On Sept 16, 2026 Cohere and Germany's Aleph Alpha signed a definitive business combination agreement, following the planned combination announced in April; the company will operate as Cohere, be dual-headquartered in Berlin and Toronto, keep Heidelberg as a research centre and exceed 1,000 employees. Aleph Alpha co-CEO Ilhan Scheer will become COO and co-founder Samuel Weinbach chief research officer on close, which is subject to regulatory approval and expected later in 2026; BetaKit notes the FT reported in April a combined value of about $20B and a Schwarz Group pledge of EUR 500M toward a Series E. Signing turns Cohere's largest deal from intent into binding terms and deepens its European sovereign-AI footprint while it pursues a $2-3B raise.

Source: PR Newswire (Cohere / Aleph Alpha)

The Globe and Mail and Bloomberg reported on September 11, 2026 that Cohere is in advanced talks to raise US$2-3 billion at roughly a $20 billion valuation, including financing from the Canadian government and existing backers, with a deal possibly closing within a week; Cohere said it has seen strong inbound interest in its Series E process. The round would nearly triple the $7 billion mark from September 2025 and would be the largest private financing by a Canadian startup, resetting secondary pricing for the name.

Source: PYMNTS

Cohere released Parse 5 (parse-v5.0), a 2.3-billion-parameter vision language model that converts enterprise documents into structured Markdown. The model targets document-heavy enterprise workflows such as data extraction and RAG pipelines.

Source: MarkTechPost