BetaKit· Sarah Rieger·2026-10-29 23:53· 3 hours agoTop DealsAI Score88

Canada to invest up to $1.6B in Cohere as part of $7B Series E at $36B valuation

Feds to buy stake in Cohere as part of planned $7-billion Series E at $36-billion valuation

AI Overview

Canada's federal government will put up to $1.6 billion CAD into Cohere as part of the Toronto company's planned $7 billion CAD Series E.

Why it matters

The deal shows how a national government can take a direct equity stake in a frontier AI lab, and it sets a valuation benchmark for Cohere against larger US rivals.

Source:BetaKit · betakit.com

AI Enterprise Software Series C+#Series C+#AI #Enterprise Software #United States #Europe

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