Cohere, a leading provider of security-first enterprise AI technology, has announced the completion of a second close to its latest funding round, raising an additional $100 million. This significant funding elevates the company’s valuation to approximately $7 billion.
The newly secured funds will be essential in accelerating the development and global adoption of Cohere’s innovative AI solutions across both public and private sectors. The company is experiencing rapid expansion, scaling its operations throughout North America, the Asia-Pacific region, and Europe, to address the escalating demand for secure and sovereign AI technologies. As organizations increasingly prioritize robust data control and stringent compliance, Cohere’s offerings are uniquely positioned to fill a critical gap in the evolving market landscape.
This latest funding round coincides with Cohere’s recent unveiling of the Command A series, its newest generation of frontier enterprise-grade AI models. This comprehensive suite includes Command A Vision, Command A Reasoning, and Command A Translate, each meticulously engineered to excel in powering high-stakes agentic business applications. These models provide comprehensive multilingual support, catering to the needs of global teams, while delivering top-tier efficiency for private deployments, even with limited GPU resources. Furthermore, they boast strong accuracy, supported by transparent citations and clear reasoning chains of thought, enhancing trustworthiness and reliability.
A cornerstone of Cohere’s strategy is the seamless integration of these advanced models with North, its fully private and customizable agentic AI platform. North is specifically designed for businesses and governments that handle sensitive data, providing a secure environment for AI operations. Agents powered by North are already driving transformative change across critical sectors, including finance, healthcare, manufacturing, telecommunications, energy, and government. These deployments are yielding substantial efficiency and productivity gains, all while operating securely behind organizational firewalls.
Cohere’s strategic focus on impactful partnerships with leading global enterprises is a key driver of its significant growth. The company has established collaborations with industry giants, including Dell, RBC, Bell, LG CNS, Fujitsu, and SAP, among others. A recent notable development includes an expanded collaboration with AMD. This partnership aims to provide customers with access to cutting-edge compute infrastructure while also enabling AMD’s internal teams to leverage the North platform for their own internal and engineering AI workloads, demonstrating the versatility and power of Cohere’s solutions.
The investor roster for this round has expanded to include the Business Development Bank of Canada (BDC) and Nexxus Capital Management. These new participants join a distinguished group of previously disclosed investors, which includes AMD Ventures, Healthcare of Ontario Pension Plan (HOOPP), Inovia, NVIDIA, Public Sector Pension Investment Board (PSP Investments), Radical Ventures, and Salesforce Ventures, reflecting a broad base of institutional support for Cohere’s vision and trajectory.
KEY QUOTES:
“The strong investor demand following our first close last month is a big endorsement of our momentum deploying secure and sovereign AI for the enterprise. We believe that Cohere’s AI solutions are meeting an ignored demand in the market for technology that truly improves the efficiency of businesses and governments, while keeping full control of their data in their own hands.”
Cohere’s CFO Francois Chadwick
“Cohere is a leader in the generative AI space, which is key for our Canadian businesses to make significant productivity gains and for BDC as a development bank. Cohere’s continued focus on innovation, customer value, data privacy and vertically integrated AI applications makes them stand out in their field and should lead to them shaping the global landscape for AI.”
Geneviève Bouthillier, Executive Vice President, BDC Capital
