We're proud to announce the initial close of our Series E, targeting up to CAD $7 billion at a CAD $35.7 billion valuation; marking the largest private financing round in Canadian startup history.

Oct 29, 2026 · 3:49 PM UTC

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Cohere was founded 7 years ago to make technology that empowers people. Now operating globally, we're helping enterprises & governments deploy AI on their own terms. This investment will accelerate our mission to bring secure, sovereign AI to the world. Read more: cohere.com/blog/who-gets-to-…
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Ok, I'll bite. I grew up in Montreal and I want Canada to win in AI. I'm just not sure if this is actually good for Canadian AI industry/startup ecosystem. - idk how canada as the lead investor is a good thing/signal for the canadian ecosystem. - It tells young founders the way to win here is to get close to Ottawa. - When the government owns part of a company, every other Canadian AI startup is now competing with a company their own government owns. - "We're not American" works as a pitch in almost every country except the biggest market in the world. Would love to see more Canadian startups be #1 globally like how Shopify is a great model. - How Canadian is the "Canadian champion" after a German retailer leads the round and it merges with a German company? - Does "sovereign" mean the models are built in Canada, or just hosted there? - Why share 165% ARR growth but not what the ARR actually is? - What does the government’s stake come with, like a board seat or a say in decisions? Congrats on the round, its massive but just thinking about the Canadian ecosystem and what's best for it
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Congrats, @aidangomez and everyone at @cohere!
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7 billion down the drain for a company whose only relevancy is that it’s Canadian
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Whoa huge news and congratulations @aidangomez @1vnzh and the team at Cohere!
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My god.... they even eat mcdonalds and drink

ALT Animated GIF

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Legendary
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so many beef patties man. congrats team!
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me and Aidan share the uniquely Canadian culture of living outside of Canada
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Congratulations! This is huge news for Canadian AI! @aidangomez
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genuinely legendary
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1. Never heard of you, unlike all the other AI companies 2. This is government desperation without any accountability to be relevant
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thats a lot of tim hortons coffee there, huge congrats gents 🚀🚀 @1vnzh @brhydon
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Congratulations on the historic raise. Great to see a Canadian AI lab making big moves.
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is it the spadina & queen McDonalds? @aidangomez
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i would die for cohere
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Fking massive I love it
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Congratulations @aidangomez and Cohere team!
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Congrats boys! 🇨🇦🇨🇦🇨🇦
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congrats team!
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🇨🇦 on the rise!
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Beautiful. So excited to see the next chapter
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Congrats guys!! 🇨🇦 💗
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CAD $35.7 billion valuation — that “largest private financing in Canadian history” line is doing a lot of work here.
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big round, curious what they build next
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Congrats you guys. Super proud to see this 🇨🇦🇨🇦🇨🇦
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Eh? Cha-Ching, double double on you guys?
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