Cohere is an artificial intelligence platform that provides enterprise-grade foundation models and AI tools for organizations. Its offerings support text generation, semantic search, document summarization, data classification, and information retrieval across regulated and large-scale environments.
The company positions itself as an enterprise-first alternative in the generative AI ecosystem, emphasizing data privacy, deployment flexibility, and performance for business intelligence and operational workflows.
What Is Cohere and What Does It Do?
Cohere, founded in 2019, is a Toronto-based artificial intelligence company developing foundation models and AI infrastructure for enterprise applications. The company builds large language models designed to integrate directly into business systems for analytics, automation, and decision-making.
Cohere employs 201-500 employees as of July 2025 and serves enterprises across industries such as technology, finance, healthcare, and manufacturing.
How Much Funding Has Cohere Raised?
1. Series A
- Amount Raised: $40M
- Date: September 2021
- Lead Investors: Index Ventures, Radical Ventures
- Motivation: To develop early large language models and enterprise NLP tooling.
2. Series B
- Amount Raised: $125M
- Date: February 2022
- Lead Investors: Tiger Global Management
- Motivation: To scale model training and expand enterprise adoption.
3. Series C
- Amount Raised: $270M
- Date: May 2023
- Lead Investors: Inovia Capital
- Motivation: To commercialize foundation models and expand global reach.
4. Series D
- Amount Raised: $500M
- Date: June 2024
- Lead Investors: PSP Investments
- Motivation: To build secure AI infrastructure and deepen enterprise partnerships.
5. Series D
- Amount Raised: $500M
- Date: August 2025
- Lead Investors: Radical Ventures
- Motivation: To scale compute capacity and advance multilingual AI models.
6. Series D
- Amount Raised: $100M
- Date: September 2025
- Lead Investors: BDC
- Motivation: To support continued R&D and enterprise deployments.
Total Funding Raised: $1.54 Billion
Current Valuation: $7 Billion (as of Sep 2025)
Latest Funding Date: September, 2025
Key Investors
1. Nvidia
- Details: A global leader in AI computing and GPU-based infrastructure powering advanced machine learning workloads.
- Investment Focus Areas: Artificial intelligence, semiconductors, high-performance computing.
- Notable Investments: Cohere, OpenAI ecosystem partners, AI infrastructure companies.
2. Salesforce Ventures
- Details: The investment arm of Salesforce supporting enterprise software and AI-native platforms.
- Investment Focus Areas: Enterprise SaaS, AI, cloud platforms.
- Notable Investments: Cohere, Hugging Face, Anthropic.
3. PSP Investments
- Details: One of Canada’s largest pension investment managers with a global portfolio.
- Investment Focus Areas: Technology, infrastructure, private equity.
- Notable Investments: Cohere, Stripe, SpaceX.
4. Inovia Capital
- Details: A Canadian venture capital firm focused on high-growth global technology companies.
- Investment Focus Areas: AI, SaaS, fintech, marketplaces.
- Notable Investments: Cohere, Lightspeed Commerce, Clearco.
Where Is Cohere’s Headquarters?
Cohere is headquartered in Toronto, Canada, positioning it within one of North America’s fastest-growing artificial intelligence and research ecosystems.
What’s Next for Cohere?
Cohere is expected to deepen its focus on enterprise-grade AI deployments, secure model hosting, and partnerships with cloud and hardware providers. With strong backing from strategic investors and a $7B valuation, the company is well-positioned to compete in regulated, high-stakes AI use cases where data governance and performance are critical.
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