Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down
Cohere has raised an oversubscribed $500 million round led by Radical Ventures and Inovia Capital, lifting its valuation to $6.8 billion (up from $5.5 billion last year). The Toronto-based AI startup, co-founded by Aidan Gomez, offers security-focused LLMs for enterprises and counts Oracle, Dell, SAP, Bell and others as partners. New investor Healthcare of Ontario Pension Plan joins existing backers AMD, Nvidia and Salesforce. Cohere also tapped Meta veteran Joelle Pineau as Chief AI Officer and hired Francois Chadwick as CFO.