Cohere’s Valuation Hits $7 Billion Following $100M Round Extension
Cohere’s Valuation Hits $7 Billion Following $100M Round Extension
Toronto-based AI company Cohere has raised $100M USD in an extension round, lifting its valuation to $7B USD. This comes just one month after a $500M USD round that valued the company at $6.8B.
New backers include the Business Development Bank of Canada (BDC) and Nexxus Capital Management, joining existing investors such as AMD Ventures, NVIDIA, Salesforce Ventures, Radical Ventures, Inovia, HOOPP, and PSP Investments.
How It Works: Scaling AI for Global Enterprises
Cohere builds large language models (LLMs) for enterprise and government use. The company has officially launched North, a “security-first” agentic AI platform designed exclusively for enterprise deployment:
✅ Runs on as few as two GPUs while meeting compliance standards (GDPR, SOC 2, ISO).
✅ Combines generative and search models with workflow automation.
✅ Lets employees build and manage AI agents that securely interact with enterprise data.
North in Action:
✅ RBC uses it for report summarization, chart generation, and internal data access.
✅ Dell embeds it into its AI factory infrastructure.
✅ Bell, LG CNS, and Ensemble Health Partners deploy it to improve productivity, reduce costs, and maintain data control.
Cohere is also expanding its global footprint with offices in Paris, new locations planned in South Korea and Montréal, and a deeper partnership with AMD to provide enterprise access to AMD Instinct GPUs. AMD is also adopting North internally.
What This Means for the Industry
Investors:
Broad participation from pension funds, venture firms, and tech giants signals strong confidence in Cohere’s enterprise-first approach to AI.
The Global AI Ecosystem:
Cohere’s $7B valuation and worldwide expansion underscore Canada’s role as a key player in generative AI. By prioritizing security, compliance, and enterprise use, Cohere sets a model for how AI can integrate into critical industries like finance, healthcare, and energy.
