Grants and Contributions:

Title:

Advancing state-of-the-art Enterprise Artificial Intelligence (AI) Models with Compute Infrastructure and Annotator Workforce for Large Language Model (LLM) Training and Deployment.

Agreement Number:

820219

Agreement Value:

$240,000,000.00

Agreement Date:

Mar 10, 2025 - Apr 30, 2049

Description:

This investment will support Cohere to scale up its operations and expand its Artificial Intelligence (AI) product offering, and attract an investment from a Data Centre provider.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This investment will attract an investment from a Data Center provider, anchored by Cohere, ensuring Canadian Artificial Intelligence (AI) innovators have access to state-of-the-art domestic compute capacity to develop Made-in-Canada solutions and compete on a global scale.

Location:

Toronto, Ontario, CA M5T1X3

Reference Number:

033-2024-2025-Q4-820219

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

773273073

Recipient Type:

For-profit organization

Additional Information:

This is a partially conditionally repayable contribution.

Recipient's Operating Name:

Cohere

Recipient's Legal Name:

Cohere Inc.

Federal Riding Name:

Spadina--Fort York

Federal Riding Number:

35101

Program:

SIF Stream2- Growth

Program Purpose:

-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

339990