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Canada, Nvidia Invest in Cohere as AI Startup Hits $20.5 Billion Valuation

BloombergView source article

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Cohere raises $4.5 billion at $20.5 billion valuation with Canadian government stake

Canadian AI company Cohere is raising $4.5 billion in a funding round led by Germany's Schwarz Group, with the Canadian government taking an equity stake. The round values the company at $20.5 billion.

Oct 29, 2026·2 sourcesAI sovereigntyAI companies founding roundsAI IndustryAI investmentAI startupsBusiness & enterprise AIVenture capital funding
Cohere raises $4.5 billion at $20.5 billion valuation with Canadian government stake
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Other sources for this story

Reuters

Ottawa takes stake in Cohere as AI company opens $4.5 billion funding round