Canada’s Cohere Raises $500M, Hires Former Meta Exec Joelle Pineau as A.I. Chief

Canada’s Cohere Raises $500M, Hires Former Meta Exec Joelle Pineau as A.I. Chief

Canadian startup Cohere has raised $500 million and hired former Meta and Uber executives in a bid to compete with other A.I. developers.

Cohere hits US$6.8-billion valuation and snags Meta's former AI head

Canada’s top-funded AI startup Cohere Inc. has secured a $500 million fundraise that boosts its valuation to $6.8 billion. Find out more.

AI startup Cohere valued at $6.8 billion in latest fundraise, appoints new executives

Cohere was valued at $6.8 billion after its latest $500 million funding round, as the artificial intelligence startup moves to expand its market share in a highly competitive industry. The funding round was led by Radical Ventures and Inovia Capital, with participation from existing investors AMD Ventures, NV

AI Startup Cohere Valued at $6.8 Billion With New Funding

Artificial intelligence startup Cohere Inc. has raised $500 million in a new round of funding, part of a bid to compete with larger tech firms in selling AI services to businesses and governments.

Cohere bags $500M in AI enterprise push

Canadian AI specialist Cohere secured $500 million in fresh funding, valuing the company at $6.8 billion as it looks to accelerate the development of agentic AI solutions and expand its global footprint. Cohere stated the capital will be used to scale its enterprise-focused agentic AI offerings, aimed at automating routine processes while prioritising data security, sovereign data control and regulatory compliance. “This represents a security-fi…

Cohere raises $500M funding, now valued at $6.8B

Cohere, headquartered in Toronto, announced an oversubscribed $500 million funding round on Thursday, increasing its valuation to $6.8 billion from $5.5 billion a little over a year ago. The company, founded in 2019 by Aidan Gomez, a co-author of the foundational “Attention Is All You Need” paper, specializes in providing secure large language models (LLMs) for enterprise applications rather than consumer use. Cohere has established partnerships…