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AI firm Cohere raises US$500 million, giving business US$6.8 billion valuation
Toronto-based Cohere raised $500 million at a $6.8 billion valuation to accelerate secure, business-focused agentic AI development, doubling its annual recurring revenue to $100 million in 2025.
- On Thursday , Toronto-based AI firm Cohere announced a US$500 million funding round at a US$6.8 billion valuation.
- Cohere, a Toronto-based AI startup, competes with OpenAI, Google and Elon Musk’s xAI to develop large language models and trains models on clients’ internal data, last week making North widely available.
- The funding was co-led by Radical Ventures and Inovia Capital, with investors including AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures and the Healthcare of Ontario Pension Plan, since September 2019 raising about US$1.5 billion.
- Cohere also hired Joelle Pineau, chief AI officer , and Francois Chadwick, chief financial officer .
- Having doubled its ARR to $100 million in 2025, Cohere says the funds will accelerate its efforts to build agentic AI products.
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14 Articles
AI startup Cohere raises $500 million in funding at $6.8 billion valuation - Tech Startups
Cohere just landed one of the biggest AI funding rounds of the year. The Toronto-based startup has pulled in $500 million in fresh capital, pushing its valuation to $6.8 billion as it steps up the fight for enterprise AI dominance. […] The post AI startup Cohere raises $500 million in funding at $6.8 billion valuation first appeared on Tech Startups.
Cohere announced having raised 500 million US, valuing Toronto's artificial intelligence (AI) company to 6.8 billion US.
AI firm Cohere raises US$500 million, giving business US$6.8 billion valuation
TORONTO — Cohere says it’s raised US$500 million, giving the Canadian artificial intelligence firm a US$6.8 billion valuation. The funding round was led by Radical Ventures and Inovia Capital, with additional cash from AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures and the Healthcare of Ontario Pension Plan. Cohere says the money will accelerate the Toronto-based […]
Cohere, a Canadian AI start-up, raised $500M in funding at a $6.8B valuation
Canadian AI start-up, Cohere, is attempting to position itself as an enterprise alternative to U.S. AI industry leaders after the firm onboarded former executives from Uber and Meta as a part of its attempt to solidify its position in the AI industry. The latest funding round values the Toronto-based group at $6.8B, including the new capital, up from $5.5B last year. Founded in 2019 by former Google researchers, Cohere focuses on building large…
Nvidia backs $500M funding round for Cohere at $6.8B valuation - SiliconANGLE
Confirming recent reports, large language model developer Cohere Inc. today announced that it has raised $500 million in funding. Radical Ventures and Inovia Capital jointly led the Series D investment. They were joined by Nvidia Corp., AMD Ventures, Salesforce Ventures and several other institutional backers. The deal values Cohere at $6.8 billion, up from $5 […] The post Nvidia backs $500M funding round for Cohere at $6.8B valuation appeared f…
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