Cohere Series E: C$7B

Oct 29, 2026Public sources — Collected from public sources, not yet cross-checked.

Cohere raised C$7 billion (about $4.98 billion) in a series e round led by Schwarz Group, announced Oct. 29.

Facts

Company: Cohere
Amount: C$7 billion (about $4.98 billion)
Currency: CAD
Stage: Series E
Announced: Oct 29, 2026
Instrument: Equity
Valuation: C$36 billion (about $25.63 billion) (officially disclosed)
FX rate: 1 CAD = 0.71192 USD on Oct 28, 2026

Investors

Led by: Schwarz Group
Participants: Government of Canada Bell Ventures Bullhound Capital Inovia Capital Nvidia Prosperity7 Ventures

Use of funds

Computing infrastructure investment, and developing and delivering AI models and other products to enterprises and governments.

As stated by the company.

Sources

1.Feds to buy stake in Cohere as part of planned $7-billion Series E at $36-billion valuation — BetaKit, Oct 29, 2026

Public sources — Collected from public sources, not yet cross-checked.Last verified Oct 29, 2026