Cohere targets up to CAD $7B in Series E at CAD $35.7B valuation

Cohere announced an initial close of a Series E targeting up to CAD $7B at a CAD $35.7B valuation, led by Schwarz Group with participation from Canada, Nvidia, and others. The amount committed in the initial close is undisclosed; reported ARR growth and 300 customers add traction context, while sovereign-AI positioning is central to the competitive significance.