Cohere announces initial close of Series E funding round

AI · First reported 29 Oct, 16:06 · Updated 19:07

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Cohere says its Series E is targeting up to CAD $7 billion at a CAD $35.7 billion valuation. The company plans to use the funding for product development, AI infrastructure and expansion; a separate report says its previous August 2025 fundraise was US$500 million at a US$6.8 billion valuation.

Cohere announced the initial close of a Series E targeting up to CAD $7 billion, which it said would imply a CAD $35.7 billion valuation.
The companies of Schwarz Group committed as lead investor; Bell Ventures, Bullhound Capital and the Government of Canada joined as new investors.
Cohere said it will use the funding for product development, solutions for regulated industries and compute infrastructure.

Summary written by Lux AI from 2 articles

Key facts

Series E target: Up to CAD $7 billion
Valuation stated for the round: CAD $35.7 billion
Lead investor: The companies of Schwarz Group
Reported previous fundraise: US$500 million in August 2025 at a US$6.8 billion valuation