Cohere, a developer of enterprise-focused artificial intelligence platforms, announced it has raised $500 million in an oversubscribed funding round, valuing the company at $6.8 billion. The round was co-led by Radical Ventures and Inovia Capital with participation from NVIDIA, AMD Ventures, Salesforce Ventures, PSP Investments, HOOPP, and others.
The investment follows the launch of Cohere’s security-first agentic AI platform, North, and a suite of enterprise-grade applications built on its generative and retrieval models. The company said the new funding will help streamline processes for businesses and governments while ensuring data privacy and compliance.
Aidan Gomez, Co-founder and CEO of Cohere, stated, “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.”
To support this next phase of growth, Cohere has appointed Joelle Pineau, former VP of AI Research at Meta, as Chief AI Officer and Francois Chadwick, former Uber Executive, as Chief Financial Officer. Pineau will lead research and product development from Montreal, while Chadwick will oversee finance and operations from San Francisco.
Investors expressed strong confidence in the company’s trajectory. “Cohere is fulfilling that promise by building privacy-first, cloud-agnostic models and agentic AI applications,” said Jordan Jacobs of Radical Ventures. Patrick Pichette of Inovia Capital, who will join Cohere’s board, added, “The company’s relentless focus on customers’ time to value, data privacy, and customization uniquely positions Cohere to lead enterprise AI adoption.”