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Cohere Announces $270M Series C To Bring Generative Ai To Enterprises

RECENTLY ACQUIREDJun 08, 2023

Amount Raised

$270 Million

Round Type

Series C

TorontoOtherInformation TechnologyFinancial ServicesSoftwareData And AnalyticsArtificial IntelligenceMachine LearningImage Recognition

Description

Cohere, the leading AI platform for enterprise, today announced $270M in new capital as part of its Series C financing. Inovia Capital led the round, with additional participation from a diverse group of global institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and returning investor Index Ventures. This group represents investors from the USA, Canada, Korea, the UK, and Germany, and includes some of the most respected technology companies in the world.

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.

  • Celestial AI raised $100M (Funding Round) on June 29, 2023.
  • Dayta AI raised an undisclosed amount (Series A) on July 21, 2023.
  • Terrific raised an undisclosed amount (Funding Round) on July 20, 2023.
  • Facia raised $1.2M (Seed) on July 19, 2023.
  • Hammerspace raised $57M (Funding Round) on July 18, 2023.
  • Resemble AI raised $8M (Series A) on July 18, 2023.

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.

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  • Who you already know at Cohere, from your own LinkedIn network

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Company Information

Company

Cohere

Location

Toronto, Ontario, Canada

About

Cohere is a leading AI company focused on providing natural language processing solutions. It aims to make AI accessible for businesses and developers globally. The company promotes a dual-headquartered model that emphasizes its Canadian roots. Cohere is on a mission to empower clients with innovative AI technologies.

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Related People

4 contacts
Verified contactsAidan G., Cofounder + CEO hidden hidden hiddenSee plans and pricing
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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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.