Cohere, a leading artificial intelligence (AI) platform specializing in large language models for enterprise applications, has announced a $500 million Series D funding round, which brings its valuation to $6.8 billion.
Co-led by Radical Ventures and Inovia Capital, this funding reflects growing investor confidence in Cohere’s innovative approach to natural language processing.
Founded by former Google Brain researchers Aidan Gomez, Nick Frosst, and Ivan Zhang, Cohere has quickly emerged as a key player in the space, offering secure and customizable AI solutions. The funding round attracted a variety of new and existing investors, signaling strong enthusiasm for the company’s vision.
Cohere sets itself apart by providing models that can be fine-tuned with proprietary data while ensuring accuracy and data privacy. Its solutions cater to applications such as content generation, text summarization, and conversational AI, with options for both cloud-based and on-premise deployment.
The funding will be used to enhance research and development, scale infrastructure, and expand its global sales and marketing teams. As the competitive landscape for large language models heats up, Cohere’s focus on the enterprise market positions it as a strong contender to shape the future of AI.
Analysts believe that Cohere’s commitment to practical business applications and responsible AI development resonates with organizations seeking to adopt AI solutions. This funding validates Cohere’s vision and equips it to capitalize on the growing demand for enterprise-grade AI solutions.
KEY QUOTES:
“Cohere is becoming the world’s chosen partner for integrating AI into their critical industries. We are at a pivotal moment in accelerating the delivery of secure AI that empowers enterprises worldwide, and we’re excited to enter this new phase of expansion alongside our partners. We’re thrilled to welcome Joelle and Francois, whose experience, talent and insight will be instrumental in continuing Cohere’s growth.”
Aidan Gomez, Co-founder and CEO of Cohere
“We have been proud investors and partners with Cohere and its founders since day one, with a vision to deliver leading AI for business. Cohere is fulfilling that promise by building privacy-first, cloud-agnostic models and agentic AI applications that are driving extraordinary productivity gains and ROI to blue-chip enterprises, businesses and governments worldwide. We are co-leading this investment round because this is just the beginning for Cohere.”
Jordan Jacobs, Co-Founder and Managing Partner, Radical Ventures
“The company’s relentless focus on customers’ time to value, data privacy, and customization uniquely positions Cohere to lead the enterprise AI adoption, both at home and internationally. We’re proud to continue supporting them as they reshape the future of work.”
Patrick Pichette, Partner, Inovia Capital, who will be joining Cohere’s Board of Directors
