Cohere
Foundation model labs · OTHER
Cohere was valued at $20B as of 16 September 2026 (reported). Source: Cohere and Aleph Alpha sign a definitive combination agreement at a reported ~$20B valuation; dual HQ Berlin/Toronto, subject to regulatory approval, with Schwarz Group committing $600M to an upcoming Cohere Series E.
Enterprise-focused models with on-prem and sovereign deployments; expanded to AMD Instinct GPU infrastructure alongside NVIDIA in Sep 2025.
- Valuation
- $20B
- Confidence
- reported
- As of
- 16 September 2026
- Layer
- Foundation model labs
- Signal
- enterprise · CA
- Website
- cohere.com
Relationships (5)
Valuation history on the map
| Date | Mark | Change |
|---|---|---|
| 17 September 2026 | $20B | +185.7% |
| 27 July 2026 | $7B |
Daily snapshots began 27 July 2026. Public companies move with the market every weekday.
Notes
Enterprise-focused models with on-prem and sovereign deployments; expanded to AMD Instinct GPU infrastructure alongside NVIDIA in Sep 2025. Signed a definitive combination agreement with Germany's Aleph Alpha on 2026-09-16 at a reported ~$20B, formalising an April framework: one company dual-headquartered in Berlin and Toronto, 1,000+ staff, pitched as a transatlantic sovereign-AI alternative for regulated and public-sector buyers. Not closed - it needs regulatory approval, and the Series E that prices it (Schwarz Group committing $600M) is still to come. Took dedicated capacity rather than building it: Boost Run disclosed in an 8-K on 2026-10-06 a five-year GPU services agreement signed 2026-09-30 worth about $525.6M for NVIDIA GB300 NVL72 systems, part prepaid, with first acceptance expected in Q2 2027 and a right to terminate and recover prepayments if a minimum amount of infrastructure is not accepted by 2027-07-15. Boost Run's own release named only 'a leading sovereign AI company'; the filing names Cohere.
Sources
- Cohere and Aleph Alpha sign a definitive combination agreement at a reported ~$20B valuation; dual HQ Berlin/Toronto, subject to regulatory approval, with Schwarz Group committing $600M to an upcoming Cohere Series E 2026-09-16
- Reuters via Yahoo Finance, Cohere and Aleph Alpha combine to target the enterprise AI market 2026-09-16
- CNBC, Cohere to acquire German AI company Aleph Alpha as it looks to expand in Europe (the April framework agreement) 2026-04-24
- TechCrunch, Cohere acquires and merges with Germany-based Aleph Alpha to create a 'transatlantic AI powerhouse' 2026-04-24
- Prior mark: TechCrunch, Cohere hits $7B valuation a month after its last raise, partners with AMD ($100M second close of the $500M round) 2025-09-24
See something wrong or out of date? Suggest a correction (GitHub) or email it. Please include a source.
Last updated 17 September 2026. Follow Cohere in any feed reader to hear when its valuation moves.
State of AI World maps every significant AI company, what it is worth and how it is connected. Every number carries a source and an as-of date; see the methodology. Data is free to reuse with credit: open data. · All companies · Daily digest · Corrections and contact