Cohere targets C$7B round as Ottawa takes an equity stake
Aidan Gomez's enterprise AI company says its Series E targets up to C$7B, which would represent a C$35.7B valuation; Ottawa's investment could reach C$1.6B, tied to Canadian jobs and compute commitments.
By RuntimeWire Staff · Published
Primary source: Reuters
Why it matters
Cohere's funding target pairs a C$35.7B company valuation with up to C$1.6B in staged federal equity investment and specific Canadian jobs and compute commitments. The structure makes sovereign AI a financing strategy with public obligations, while leaving the initial amount closed undisclosed.
Cohere, co-founded by CEO Aidan Gomez, announced the initial close of a Series E targeting up to C$7 billion. Reuters reported that the Government of Canada is taking an equity stake of up to C$1.6 billion.…
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.