附近上门

Generative AI startup announced Thursday that it has raised $500 million at a $6.8 billion valuation.

The news confirms an early June report that the company was seeking to raise over $500 million at a valuation of more than $5.5 billion.

and co-led the round, which included participation from , , , 1, and others.

Founded by ex- researchers, Toronto-based Cohere is just one of many companies developing innovative AI models. It competes with the likes of , Google and . However, it has not created a consumer-facing app. Instead, it builds custom AI models that perform tasks such as writing website copy and powering chatbots for enterprises including , and .

As its platform is cloud-agnostic, Cohere can be deployed inside public clouds, virtual private clouds, a customer鈥檚 own cloud, or on-site.

Since its 2019 inception, Cohere has now raised about $1.5 billion, according to 附近上门 . Other backers include , , and . Its most recent funding round was in July 2024, when it raised .

Cohere also announced Thursday that it has tapped , a former VP of AI research at , to serve as its 鈥渃hief AI officer,鈥� and , former CFO of , to serve as its chief financial officer.

The company noted that over the past year, it has released a 鈥渟uite鈥� of new enterprise-grade AI products, including generative and retrieval models and its flagship 鈥渟ecurity-first鈥� agentic AI platform, North.

AI funding momentum continues

One of Cohere鈥檚 co-founders is , who co-authored Google鈥檚 鈥淎ttention is All You Need,鈥� 鈥嬧�媋 technical paper believed to have laid the foundation for many of today鈥檚 most capable generative AI models.

According to a source familiar with Cohere鈥檚 operations who wished to remain anonymous, the company doubled its annual recurring revenue earlier this year, crossing the $100 million mark in May. Cohere also competes with tech giants such as Google, and , which also sell AI models to enterprises.

In recent times, artificial intelligence startups have been getting the largest share of venture funding. Over the past year, nearly half of U.S. venture funding went to AI-related enterprises, 附近上门 data shows. AI dominates globally as well. Per 附近上门鈥檚 global funding report, AI was the leading sector for venture funding in Q1 2025, with $59.6 billion invested. The first quarter also came in as the strongest for AI funding ever, with a staggering 53% of global funding going to the AI sector alone.

鈥淲e have been proud investors and partners with Cohere and its founders since day one, with a vision to deliver leading AI for business,鈥� said , co-founder and managing partner of Radical Ventures, in a written statement. 鈥淐ohere 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.鈥�

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