---
title: "Canada, Nvidia Back Cohere in Round at Over $20 Billion Value"
type: signal
url: https://frontiernewswire.com/s/canada-nvidia-back-cohere-in-round-at-over-20-billion-value-eb1fef64
published: 2026-10-29T15:45:41.000Z
byline: "Source: Bloomberg Tech"
---

# Canada, Nvidia Back Cohere in Round at Over $20 Billion Value

Source: Bloomberg Tech · Published 2026-10-29 · Canonical: https://frontiernewswire.com/s/canada-nvidia-back-cohere-in-round-at-over-20-billion-value-eb1fef64

Cohere Inc., an artificial intelligence model maker, is in the process of raising a large funding round at a $20.5 billion valuation, roughly tripling its value from a year ago.

## Sources

- [Read the original at Bloomberg Tech](https://www.bloomberg.com/news/articles/2026-10-29/canada-nvidia-back-cohere-in-round-at-over-20-billion-value)

## On Bluesky

- [Brandon (@serrebi.bsky.social)](https://bsky.app/profile/serrebi.bsky.social/post/3myznxxyxy32r) (Oct 29, 2026): Boosted from @Techmeme@techhub.social: Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg) www.bloomberg.com/news/articles/2026-10… www.… techhub.social/@Techmeme/11752507123381…
- [Techmeme (@techmeme.com)](https://bsky.app/profile/techmeme.com/post/3myznqtpvfu2l) (Oct 29, 2026): Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg) Main Link \| Techmeme Permalink

## Related on Frontier

- [Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg)](https://frontiernewswire.com/s/canada-based-cohere-completes-the-first-close-of-a-round-that-it-7307d7cb)
- [AI Assistant Startup Wabi Raises $55 Million at $1.25 Billion Value](https://frontiernewswire.com/s/ai-assistant-startup-wabi-raises-55-million-at-1-25-billion-value-e552de14)
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