Cohere announced on October 29, 2026, the initial close of its Series E funding round targeting up to CAD $7 billion, which the company said would represent a CAD $35.7 billion valuation. The companies of Schwarz Group committed as lead investor, with Bell Ventures, Bullhound Capital and the Government of Canada joining as new investors. Round Terms and Lead Investor Cohere, a provider of sovereign AI systems for regulated industries and governments, described the round as the largest private…