Cohere Raises C$7B to Build Sovereign AI Outside US and China

Cohere has closed the initial tranche of a CAD $7 billion Series E at a CAD $35.7 billion valuation, described as the biggest private round in Canadian history. The company says the funding will support building sovereign AI outside the US and China, positioning it against US and Chinese frontier labs. The scale of the round matters because it gives a challenger outside the two leading AI powers the capital to compete at the frontier, just as governments increasingly seek domestic AI capacity.

• Alpha Signal2026-10-29 15:49