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Canada is becoming a shareholder in Cohere

Friday, October 30, 2026 · 5 min read

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Canada is becoming a shareholder in Cohere
DealsOffice of the Prime Minister of Canada
Prime Minister Mark Carney announced an equity investment of up to C$1.6 billion in Cohere, to be made in stages and alongside private investors including Nvidia, Bell and Schwarz Group. In return, Cohere committed to at least C$1.7 billion in additional computing infrastructure in Canada by 2030.
Serval Series C · led by Sequoia Capital · val. $3B
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Cohere Series E (initial close) · led by Schwarz Group · val. $35.7B
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