From AI Insider · James Dargan · · 40s
Cohere Closes CAD $7B Series E
Cohere's record Series E funding targets CAD $7 billion valuation for Canadian sovereign AI.
In brief
Cohere's record Series E funding targets CAD $7 billion valuation for Canadian sovereign AI. Cohere closes CAD $7 billion Series E round at CAD $35.7 billion valuation, largest Canadian tech financing. Originally reported by AI Insider.
Cohere Series E Close
Cohere announces initial close of Series E round targeting up to CAD $7 billion at CAD $35.7 billion valuation.
Investors Join Round
Schwarz Group leads round with Bell Ventures, Bullhound Capital, Government of Canada, Inovia Capital, NVIDIA, and Prosperity7 Ventures.
AI Strategy Focus
Funds will advance models, build vertical AI for regulated sectors, and expand compute infrastructure.
The bottom line
Cohere closes CAD $7 billion Series E round at CAD $35.7 billion valuation, largest Canadian tech financing.
