Cohere raised $450M from corporate investors including Salesforce, Nvidia, and Cisco at $5B valuation for AI models development.
Amount Raised
$450 Million
Round Type
Funding Round
TorontoOtherInformation TechnologyFinancial ServicesSoftwareData And AnalyticsArtificial IntelligenceMachine LearningImage RecognitionInvestors
Description
Toronto-based Cohere secured a $450 million investment from corporate investors, including Nvidia, Salesforce Ventures, and Cisco, at a valuation of $5 billion. This investment marks a significant increase from Cohere's previous valuation and is expected to be the first tranche in the funding round, as the company continues its fundraising efforts.
Quick answer
Cohere raised $450 Million in a Funding Round round, dated June 4, 2024. Investors: PSP Investments, Cisco, Salesforce Ventures and Nvidia. Cohere is based in Toronto, Ontario, Canada.
- How much did Cohere raise?
- Cohere raised $450 Million in a Funding Round round on June 4, 2024.
- Who invested in Cohere?
- PSP Investments, Cisco, Salesforce Ventures and Nvidia are named as investors in this round.
- What does Cohere do?
- Cohere is a leading AI company focused on providing natural language processing solutions.
- Where is Cohere based and how big is it?
- Cohere is based in Toronto, Ontario, Canada. Fundz records about 1,300 employees.
- Who are the decision-makers at Cohere?
- Fundz holds 4 contacts at Cohere, including the Cofounder + CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Data And Analytics around the same time
Companies in the same sectors as Cohere that raised within 45 days of this round, from Fundz verified event records.
- Gravity raised $1M (Seed) on May 28, 2024.
- Thoughtful AI raised $20M (Series A) on July 18, 2024.
- San Francisco Compute raised $12M (Seed) on July 17, 2024.
- Shaped raised $8M (Series A) on July 17, 2024.
- Briefly Bio raised $1.2M (Pre-Seed) on July 17, 2024.
- Sahara AI raised $28M on July 17, 2024.
Who to call at Cohere, and when
A new round usually means Cohere is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Cohere raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Cohere, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Cohere. With Fundz connected, it knows.
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Related People
Cohere raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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