Funding
Cohere Secures Series E Funding Round
Cohere, a Toronto-based AI company, has closed the first tranche of a Series E funding round that aims to raise up to C$7 billion. The first close came on October 29, 2026, at a post-money valuation of C$35.7 billion. The round is led by the Schwarz Group and includes support from the Government of Canada and Bell Ventures. Cohere plans to use the funding to expand its AI computing capacity and invest in Canadian infrastructure, with a government commitment contingent on infrastructure investments.