Cohere (Series D)
Funding Details
- Awarder
- Inbox
- Date Award
- July 22, 2024
- Vertical
- Generative AI
- Funding URL
- View Funding Page
- Premoney Valuation
- $5,000,000,000
- Valuation
- $5,500,000,000
- Funding Amount:
- $500,000,000
Company Info
- Founding Year
- 2019
- Traction
- Cohere was generating $35 million in annualized revenue with a customer base of hundreds of companies, up from around $13 million at the end of 2023.
- Revenue Amount
- $35,000,000
- ARR
- $35,000,000
- Organizations Involved
- Oracle, LivePerson, Notion
- Founders
- Aiden Gomez, Nick Frosst, Ivan Zhang
- Company Description
- Cohere is a generative AI startup co-founded by ex-Google researchers that customizes AI models for enterprise applications, focusing on data privacy and real-world benefits in business workflows.
- Market
- Enterprise AI solutions
- Location
- Toronto, Ontario, Canada
- Coinvestors
- Cisco, AMD, Fujitsu, PSP Investments, EDC, Nvidia, Salesforce