Canada and Nvidia Join Forces to Back AI Firm Cohere in Record Funding Round

10/29/2026

Cohere’s funding round attracted commitments from Nvidia, German conglomerate Schwarz Group and telecommunications firm BCE.

10/29/2026

Cohere Inc., an artificial intelligence model maker, is in the process of raising a large funding round at a $20.5 billion valuation, roughly tripling its value from a year ago.

10/29/2026

Cohere has completed the first close of its Series E round, which it aims to grow to as much as C$7bn. The Toronto AI company says that would value it at C$35.7bn. The Government of Canada is...

10/29/2026

Canada is investing up to $1.1 billion in a Toronto-based AI startup, as Washington’s allies work to reduce their technological reliance on the US.

10/29/2026

Cohere is set to take a federal equity stake of up to $1.6 billion after Prime Minister Mark Carney announced the commercial investment today. The Toronto AI company builds systems for businesses...