Cohere announces initial Series E close led by Schwarz Group
The company targets up to CAD7 billion for the full round to fund frontier models, secure AI platforms and cyber defenses.
Cohere announced the initial close of its Series E financing on October 29, 2026. Schwarz Group leads the round, with Bell Ventures, Bullhound Capital, Inovia Capital, NVIDIA, Prosperity7 and the Government of Canada participating.
The full round targets up to CAD7 billion. Cohere did not disclose how much capital was secured in the initial close.
The company plans to invest in frontier AI models, a secure platform that gives institutions control over the AI they use, and cybersecurity capabilities. Its strategy focuses on systems that enterprises and public-sector organizations can deploy within environments they control.
Use of funds
Frontier AI models
Secure enterprise AI platform
Cyber defenses