COMPANY INFO
Cohere Inc., founded in 2019 by Aidan Gomez, Ivan Zhang, and Nick Frosst, is a Canadian technology company specializing in artificial intelligence, particularly in natural language processing and large language models. With around 300 to 775 employees, Cohere provides secure, scalable, and private enterprise-grade AI technology through its platform, empowering developers and enterprises to build advanced language AI products. Their website is https://cohere.com.
Cohere Inc., founded in 2019 by Aidan Gomez, Ivan Zhang, and Nick Frosst, is a leading Canadian artificial intelligence company specializing in natural language processing and large language models. Operating in the Artificial Intelligence industry, Cohere has rapidly emerged as an enterprise-grade AI provider, empowering developers and global businesses to build secure, scalable, and privacy-focused AI solutions. With its headquarters in Toronto and offices in Palo Alto, San Francisco, London, and New York City, Cohere Inc. continues to drive innovation and expansion in the AI sector.
Since its inception, Cohere Inc. funding has seen remarkable momentum. The company has raised approximately $970 million in total, spanning five major funding rounds. Cohere Inc. has strategically attracted prominent global investors and utilized its funding to accelerate platform development, grow its workforce, expand market reach, and increase enterprise adoption. Key funding milestones included significant Series C and Series D rounds, with the latest round in June 2024 raising $500 million at a $5.5 billion valuation. The overall Cohere Inc. venture capital strategy emphasizes scaling enterprise AI capabilities while maintaining robust research and development efforts.
Cohere Inc. received a government grant to support ongoing projects and the company's expansion initiatives, further strengthening its financial foundation and innovation roadmap.
The Series D round raised $500 million to expand Cohere Inc.'s enterprise AI platform and support rapid scaling efforts, positioning the company as a global leader in advanced language AI solutions.
This secondary market round provided liquidity for early investors and employees, helping align long-term interests and retention as the company's valuation increased.
Cohere Inc. completed a corporate funding round to support ongoing business operations and growth initiatives, further fueling organizational development and market expansion.
The Series C funding, totaling $270 million at a $2.2 billion valuation, enabled Cohere Inc. to scale operations, enhance product development, and establish itself as a major player in AI technology.
Raised $125 million to expand Cohere Inc.'s AI capabilities and broaden its market reach, facilitating key technology advancements and customer adoption.
The initial Series A round helped Cohere Inc. develop and scale its AI models and technology, laying the foundation for subsequent growth and industry recognition.
Cisco played a pivotal role as a lead investor in the Series D round, supporting Cohere Inc. investment in enterprise AI platform expansion.
PSP Investments acted as a lead investor in the most recent Series D round, contributing significantly to Cohere Inc.'s funding and enabling long-term scaling.
As a global leader in AI hardware, NVIDIA has invested in Cohere Inc. funding rounds to support its advancement in large language modeling and AI technologies.
Salesforce Ventures participated as a key investor, aligning with Cohere Inc.'s focus on enterprise AI solutions and innovation.
Fujitsu invested in Cohere Inc., fostering global partnerships and supporting AI research and product deployment.
AMD's investment in Cohere Inc. rounds accelerates the development and computational efficiency of Cohere's AI models.
Export Development Canada has supported Cohere Inc. investment initiatives, enabling its international growth and export capabilities.
Sapphire Ventures led the corporate funding round, underscoring its confidence in Cohere Inc.'s market leadership and innovation.
Inovia Capital acted as a lead investor in Series C, providing strategic guidance and capital for Cohere Inc. funding expansion.
Oracle has taken part in Cohere Inc.'s funding rounds, further bolstering enterprise partnerships and collaboration opportunities.
Index Ventures led the Series A funding, catalyzing early product development and market entry for Cohere Inc.
Tiger Global Management's participation in Series B propelled Cohere Inc.'s growth, market reach, and financial strength.
Radical Ventures invested strategically in Cohere Inc., highlighting its commitment to transformative AI startups.
Alumni Ventures served as a co-lead investor in the Series C round, supporting Cohere Inc. in scaling operations and innovation.
Websets is a powerful natural language search and data enrichment tool that helps you discover comprehensive funding information for any company. Whether you're researching Cohere Inc. funding rounds or exploring investment data for other companies, Websets provides detailed insights into funding history, investors, and financial milestones.
With Websets, you can access detailed funding profiles, investor information, and financial data through intuitive natural language queries. Sign up now to enhance your funding research capabilities.