Canadian AI startup Cohere is reportedly in advanced discussions to raise between $2 billion and $3 billion, according to reports cited by Bloomberg and the Financial Post. The fundraising talks include potential support from the Canadian government and from Cohere’s existing investors, with the overall size described as up to US$3 billion.
Cohere, based in Canada, develops AI models and provides customization for businesses. The outlets also note the company’s investor base, including Nvidia as one of its backers. While both reports focus on the same potential funding range and participants, they rely on a Globe & Mail report for details rather than announcing confirmed terms. Neither outlet provides final figures, valuation, deal structure, or timing, and it remains unclear whether the talks will result in a completed round or what conditions may apply.
Overall, the coverage centers on the scale of the proposed financing and the involvement of government and private backers, with both accounts offering context on Cohere’s role in AI model development and enterprise deployment.
