Cohere Launches Series E Funding, Targeting Up to CAD 7 Billion
Canadian large-model unicorn Cohere announced the first closing of its Series E funding, with this round targeting up to CAD 7 billion (approximately RMB 33.4 billion); if achieved, it will set the record for the largest single private funding round in Canadian startup history. This round is led by German retail giant Schwarz Group, with existing investors including Nvidia and Saudi Aramco's Prosperity7 Ventures continuing to participate, and the Canadian government and others investing for the first time; if the fundraising target is met, Cohere's valuation will reach CAD 35.7 billion (approximately RMB 170.2 billion). Cohere plans to carry out two AI company acquisitions within a year, launch an enterprise cybersecurity product Cohere Cyber, and train a new generation of frontier large models.
Canadian large-model unicorn Cohere announced the first closing of its Series E funding, with this round targeting up to CAD 7 billion (approximately RMB 33.4 billion); if achieved, it will set the record for the largest single private funding round in Canadian startup history. This round is led by German retail giant Schwarz Group, with existing investors including Nvidia and Saudi Aramco's Prosperity7 Ventures continuing to participate, and the Canadian government and others investing for the
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