Deutsche Numis has acted as placement agent to Cohere on its $500 million round at a $6.8 billion valuation
Cohere inc. (Cohere) today announced the successful completion of its $500m raise at a $6.8bn valuation in an oversubscribed round led by Radical Ventures and Inovia Capital, with additional participation from existing investors including AMD Ventures, NVIDIA, PSP Investments, and Salesforce Ventures, as well as new investors, including Healthcare of Ontario Pension Plan (HOOPP), among others.
Cohere is a Canadian enterprise AI company that builds foundation models and AI solutions specialised for secure, private deployments.
Founded in 2019, most notably by Aidan Gomez (co-author of Attention is All You Need as an intern, which helped lead to the creation of the transformer), the company has established itself as a leading player in the enterprise AI market, with customers including Oracle, RBC and Dell.
Cohere provides a comprehensive AI platform with three main model families: Command, Embed and Rerank. The business has also launched Cohere North, its security-first agentic AI platform, enhanced by Compass, an intelligent search and discovery system, in early 2025 with significant customer traction to date.
On the strategic partnership front, Cohere now partners with global leaders, including Oracle, Dell, RBC, Fujitsu, SAP, among many others, to deliver transformative solutions across critical industries, such as finance, healthcare, telecommunications, manufacturing, energy, and the public sector.
The new capital will enable Cohere to accelerate its efforts to make businesses and governments around the world vastly more efficient, simplifying tedious tasks through agentic AI solutions. This represents a security-first category of enterprise AI that is simply not being met by repurposed consumer models.
The Global Private Growth Capital team has now transacted c.$1bn for private companies year-to-date, underlining its extensive track record in supporting growth companies and founders throughout their life cycle.
We're delighted to have supported Aidan and the Cohere team on this oversubscribed round. Cohere is at the frontier of a security-first category of enterprise AI that is simply not being met by repurposed consumer models and we’re excited to partner with them on this journey. Matthew O'Dowd, Managing Director, Global Private Growth Capital, Deutsche Bank
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Cohere inc. (Cohere) today announced the successful completion of its $500m raise at a $6.8bn valuation in an oversubscribed round led by Radical Ventures and Inovia Capital, with additional participation from existing investors including AMD Ventures, NVIDIA, PSP Investments, and Salesforce Ventures, as well as new investors, including Healthcare of Ontario Pension Plan (HOOPP), among others.
Cohere is a Canadian enterprise AI company that builds foundation models and AI solutions specialised for secure, private deployments.
Founded in 2019, most notably by Aidan Gomez (co-author of Attention is All You Need as an intern, which helped lead to the creation of the transformer), the company has established itself as a leading player in the enterprise AI market, with customers including Oracle, RBC and Dell.
Cohere provides a comprehensive AI platform with three main model families: Command, Embed and Rerank. The business has also launched Cohere North, its security-first agentic AI platform, enhanced by Compass, an intelligent search and discovery system, in early 2025 with significant customer traction to date.
On the strategic partnership front, Cohere now partners with global leaders, including Oracle, Dell, RBC, Fujitsu, SAP, among many others, to deliver transformative solutions across critical industries, such as finance, healthcare, telecommunications, manufacturing, energy, and the public sector.
The new capital will enable Cohere to accelerate its efforts to make businesses and governments around the world vastly more efficient, simplifying tedious tasks through agentic AI solutions. This represents a security-first category of enterprise AI that is simply not being met by repurposed consumer models.
The Global Private Growth Capital team has now transacted c.$1bn for private companies year-to-date, underlining its extensive track record in supporting growth companies and founders throughout their life cycle.