Cohere's investor list is mostly government-linked buyers, notes analyst
Afinetheorem · x · 2026-10-30
Continuing the thread, Afinetheorem argues that distorting financing of winners via taxpayers offers no path to growth. The purported private-sector participants are all protected-sector players — Schwarz sells IT to the German government, Bell to Canada, Proximity7 is backed by Aramco — explaining the absence of major international VCs at the $36B valuation.
Related event: Economist Slams State-Backed AI Bets as Taxpayer-Funded Distortions(2 posts)→
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