TNW | Investors-funding
Canada joins Nvidia in backing Cohere’s record C$7bn Series E
Canada will invest up to $1.14bn in the Cohere Series E, Bloomberg reports, and Cohere plans to keep its headquarters at home. Bloomberg puts its valuation at $20.5bn before the new money.
By TNW | Investors-funding
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·Excerpt
Cohere has completed the first close of its Series E round, which it aims to grow to as much as C$7bn. The Toronto AI company says that would value it at C$35.7bn. The Government of Canada is among the new investors.
Cohere announced the round on Thursday in…
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