BDC and Nexxus Capital led a $100m round in Cohere.

BDC, the Business Development Bank of Canada, and Nexxus Capital, an investment firm, led a $100m round in Cohere, an enterprise AI firm, with participation from AMD Ventures, Healthcare of Ontario Pension Plan (HOOPP), Inovia, NVIDIA, Public Sector Pension Investment Board (PSP Investments), Radical Ventures, and Salesforce Ventures. “The strong investor demand following our first close last month is a big endorsement of our momentum deploying secure and sovereign AI for the enterprise. We believe that Cohere’s AI solutions are meeting an ignored demand in the market for technology that truly improves the efficiency of businesses and governments, while keeping full control of their data in their own hands,” Francois Chadwick, Cohere CFO.