Cohere is raising up to $7 billion, with Ottawa putting in up to $1.6 billion

Cohere's valuation

35.7 $ billion

The round values the Toronto-based AI developer at $35.7 billion. Germany's Schwarz Group leads it, joined by Bell Ventures, Bullhound Capital and the federal government.

The conditions

Cohere promises to stay incorporated and headquartered in Canada, and to invest at least $1.7 billion in Canadian computing infrastructure by 2030.

And us?

The federal stake comes with those commitments, Prime Minister Mark Carney said in Montreal on Thursday. Cohere's last round, in 2025, raised US$600 million.

Canada · 6 d ago

Cohere is raising up to $7 billion, with Ottawa putting in up to $1.6 billion

The round values the Toronto-based AI developer at $35.7 billion. Germany's Schwarz Group leads it, joined by Bell Ventures, Bullhound Capital and the federal government.

Cohere promises to stay incorporated and headquartered in Canada, and to invest at least $1.7 billion in Canadian computing infrastructure by 2030.

And us? The federal stake comes with those commitments, Prime Minister Mark Carney said in Montreal on Thursday. Cohere's last round, in 2025, raised US$600 million.

Cohere is raising up to $7 billion, with Ottawa putting in up to $1.6 billion

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