Canada Takes Equity Stake in Cohere Funding Round
Canada is joining a funding round led by Germany's Schwarz Group that targets C$7 billion ($4.49 billion) and values Cohere at about C$36 billion.
By Leo MarchandonThe Canadian government is taking an equity stake in Cohere, joining a funding round led by Germany's Schwarz Group targeting C$7 billion ($4.49 billion) for the Toronto-based AI lab, Cohere said on Thursday.The round would value Cohere at about C$36 billion. Schwarz, which owns th…