# Bloomberg — Canada, Nvidia Back Cohere at Over $20 Billion Valuation

- Company: Bloomberg (bloomberg.com)
- Announced: 2026-10-29T15:45:41+00:00
- Category: funding-company-news
- Coverage: not counted
- Announcement: yes
- Group: announcements
- Source: https://www.bloomberg.com/news/articles/2026-10-29/canada-nvidia-back-cohere-in-round-at-over-20-billion-value
- Record: https://forck.live/items/29393-canada-nvidia-back-cohere-at-over-20-billion-valuation
- Subject: Reporting

Cohere is raising a large funding round at a $20.5 billion valuation, roughly tripling the AI model maker's value from a year ago. Canada and Nvidia are backing the round, according to the headline. The company is in the process of raising the money, so the round is not yet closed.

## Evidence

Verbatim from https://www.bloomberg.com/news/articles/2026-10-29/canada-nvidia-back-cohere-in-round-at-over-20-billion-value:

> 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.

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