Founders / Nick Frosst
Nick Frosst
Nick Frosst is a co-founder of Cohere, a foundation model company based in Toronto. Nick Frosst co-founded Cohere with Aidan Gomez and Ivan Zhang. Cohere had raised C$9.1B across 8 rounds as of November 2026, most recently a C$7B Series E in October 2026 led by Schwarz Group. The Canadian AI Newsletter last covered Cohere in November 2026.
Co-founder of Cohere.
Cohere
Enterprise foundation models and sovereign AI (North platform).
- Role
- Co-founder
- HQ
- Toronto, ON
- Founded
- 2019
- Status
- Active
- Disclosed raised
- C$9.1B
- Latest round
- Series E, Oct 29, 2026
- Website
- cohere.com
Co-founders: Aidan Gomez, Ivan Zhang
Investors: Schwarz Group, Radical Ventures, Inovia Capital, PSP Investments, SAP, Tiger Global, Index Ventures, Bell Ventures, and 24 more
In the newsletter
- CanadianAI: With Cohere’s C$7B, Canadian AI funding in 2026 is on pace to top the last three years combinedNov 3, 2026
- CanadianAI: Dayforce buys Ribbon AI, and meet Steel, the Toronto-built browser for AI agents with 35M sessionsOct 27, 2026
- CanadianAI: Anthropic signs on for a $10B data centre in Cape Breton, and Tenstorrent raises US$1.5BOct 20, 2026
- CanadianAI: Sequoia leads a US$60M round for Toronto-built Mecka, and OSFI eyes AI rules for banksOct 13, 2026
- CanadianAI: Canada wants in on Europe’s AI contracts, and Carney picks his AI advisersOct 6, 2026
- CanadianAI: OpenAI backs Biossil at US$1B, and B.C. sues OpenAI over Tumbler RidgeSep 29, 2026
- CanadianAI: $300M for Bengio’s LawZero and Canada’s largest venture fund everSep 22, 2026
- CanadianAI: $50B AI data centre in Saskatchewan and five AI startups raiseSep 15, 2026
- CanadianAI: Six AI startups got funded this week, and Ottawa's data centre principlesSep 8, 2026
- CanadianAI: The Big Six show their AI math, and Ottawa poaches 48 researchers from US schoolsSep 1, 2026
- CanadianAI: One of Canada's largest-ever seed rounds, and Anthropic wants gigawatts in CanadaAug 25, 2026
- CanadianAI: AMD buys Taalas, and Alberta pitches data centres as digital refineriesAug 11, 2026
- CanadianAI: A month of Canadian AI in one issue, an AI takes the CEO seatAug 4, 2026
- CanadianAI: The State of Canadian AI, H1 2026Jul 28, 2026
- CanadianAI:A US$220M contract for sovereign AI, and Qualcomm circles a Toronto companyJun 23, 2026
- CanadianAI: Two unicorns in a week, and Ottawa finally starts writing the rulesJun 16, 2026
- CanadianAI: Calgary, Waterloo, Toronto, Montréal. A cross-country week of AI raises, two Canadian flags at CVPR, and a national strategy that finally landed.Jun 9, 2026
- Canadian AI: Highlights from Toronto Tech Week and a record CANSEC, big raises from Saris and Lastwall, and Sutton on the limits of generative AI."Jun 2, 2026
- Canadian AI: Two more VC funds, $57M from the gov't to AI startups and research, and Cohere had another big week.May 26, 2026
- Canadian AI: Two acquisitions in a week, Cohere brands the EY Centre, and Ottawa reveals six AI pillarsMay 5, 2026
- Canadian AI: Cohere goes transatlantic, BDC opens a $500M AI loan window, and Manitoba moves on chatbots.Apr 28, 2026
- Canadian AI: Ottawa's $890M supercomputer bid, a $92M chip exit, and AI that reads cancer cellsApr 21, 2026
- Canadian AI: Cohere eyes a German merger, and a Toronto 911 AI startup goes stealth-to-exit in under a year.Apr 14, 2026
- Canadian AI: Cohere's opensource voice model tops the leaderboard, and governments open the chequebookMar 31, 2026
- Canadian AI: $6.5B for a Calgary cooling company, another Vancouver acquisition and Canada's largest data centre to begin constructionMar 24, 2026
- Canadian AI: Taalas and LawZero raising $100M+ eachFeb 24, 2026
- Canadian AI: Apple Goes Shopping in WaterlooFeb 16, 2026
Founders are listed as named in primary coverage of their companies. Profile links are matched to the company before they are published. To correct this page or ask for it to be removed, email the Index.
Data as of November 10, 2026.