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Cohere closes first tranche of up to $5B round at $20.5B valuation; Canada commits up to $1.14B

#cohere#funding#canada#ai

Canada-based AI company Cohere has completed the first close of a funding round expected to total up to $5 billion, at a valuation of $20.5 billion. The Canadian government has agreed to invest up to $1.14 billion as part of the round, which also includes backing from Nvidia.

Coverage timeline

  1. Techmeme
    Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg)

    Bloomberg : Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation — Canada, Nvidia Back Cohere in Round at Over $20 Billion Value — Anthropic IPO May Spark AI Rally as Short Bets on Tech Pile Up

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