The Canadian AI Index

Companies / Cohere

Cohere

Enterprise foundation models and sovereign AI (North platform).

cohere.com
Founded
2019
HQ
Toronto, ON
Category
Foundation Models
Status
Active
Disclosed raised
US$1.5B

Funding history

RoundDateAmountInvestors
Bridge/ExtensionSep 24, 2025 US$100MNexxus Capital Management, Inovia Capital, Radical Ventures, NVentures (Nvidia), AMD Ventures, BDC Growth Venture Fund. Second close of the Aug 2025 round; BDC and Nexxus Capital Management new; Inovia, Radical, Nvidia, AMD returning; US$7B valuation; total raised ~US$1.6B
UndisclosedAug 14, 2025 US$500MRadical Ventures and Inovia Capital (co-leads); AMD Ventures, NVentures (Nvidia), PSP Investments, Salesforce Ventures, HOOPP. C$690M; no series letter given by Cohere (the Apr 2026 Schwarz round is Series E); oversubscribed; co-led by Radical Ventures and Inovia Capital; AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures returning, HOOPP new; US$6.8B valuation; ~US$100M ARR
Series DJul 22, 2024 US$500MPSP Investments (lead); Cisco, Fujitsu, AMD Ventures, Export Development Canada, NVentures (Nvidia), Salesforce Ventures. Series D at a US$5.5B valuation.
UndisclosedJul 18, 2023 UndisclosedSAP (lead). Strategic investment by SAP, separate from the Series C; amount undisclosed.
Series CJun 8, 2023 US$270MInovia Capital (lead); Index Ventures, NVentures (Nvidia), Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures. Announced Jun 8 2023.
Series BFeb 16, 2022 US$125MTiger Global (lead); Radical Ventures, Index Ventures, Section 32. Announced as US$125M.
Series ASep 7, 2021 US$40MIndex Ventures (lead); Section 32, Radical Ventures, Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, Raquel Urtasun

Founders

Also backed by

Investors listed on their own portfolio pages or in reported coverage. Round details are not tracked in the Index.

Mistral Venture Partners

In the newsletter

Sources

Data as of September 26, 2026. Suggest a correction