Canada, Nvidia Back Cohere in Round at Over $20 Billion Value
THE SO WHAT
A $20.5B valuation for Cohere, backed by both Canada and Nvidia, cements the model-maker as a strategic asset in the non–Big Tech LLM camp. Enterprise buyers now have a state- and chip-aligned alternative to hyperscaler-native models—leverage that in negotiations on data residency, pricing, and GPU access.
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