Cohere
Cohere, founded in 2019 in Toronto, Canada, provides enterprises with generative AI products including text models, embedding models, and retrieval models.
Position in SVTR
Snapshot 2026-11-01- Startup SignalsTop 5%↑152
- Foundation ModelsTop 50%–
- AgentsTop 5%↑12
- Open SourceTop 25%↑5
About
Cohere, founded in 2019 in Toronto, Canada, provides enterprises with generative AI products including text models, embedding models, and retrieval models. The company serves hundreds of customers including Notion, Oracle, and Bamboo HR.
Full tier & rationale — an SVTR Intelligence benefit
Capital graph
Company· 12
Investor· 10
Founders / team· 5
Funding history
- 2026-10-29Series E
Investors · Schwarz Group, Bell Ventures, Bullhound Capital, Government of Canada, Inovia Capital, NVIDIA, Prosperity7 VenturesSource · cohere.com ↗
- 2025-09New funding round$100M
Investors · Nexxus Capital Management, Business Development Bank of CanadaSource · SVTR Weekly #124 ↗
- 2025-08New funding round$500M
Investors · Salesforce Ventures, Inovia Capital, NVIDIA, Radical Ventures, Healthcare of Ontario Pension Plan, AMD VenturesSource · SVTR Weekly #118 ↗
- 2024-07-22Series D+$500M
Investors · PSP Investments, Cisco Investments, AMD Ventures, Fujitsu, EDC, Salesforce Ventures, NVIDIASource · SVTR Weekly #063 ↗
- 2023-06New funding round$270M
Investors · Oracle, Inovia Capital, NVIDIA, Index Ventures, S Ventures, Mirae Asset, Salesforce Ventures, SentinelOne, DTCP, Thomvest Ventures, SchrodersSource · SVTR Weekly #005 ↗
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- Cohere
Platform company that builds general-purpose and vertical large models for enterprises
Series D+ · $1.8B · 2026-10
$1.8B
United States
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Frontier AI research and customizable model tools
Seed · $2.0B · 2025-07 · Valuation $12B
$2.0BValuation $12B - ReflectionAI
Open-weight frontier large model (Beam, a 501B-parameter MoE for coding, reasoning and agentic tasks, released with open weights under Apache 2.0) and Asimov, a code-understanding agent; customers include developers, large enterprises and government sovereign AI programs, which it offers customizable frontier models that do not depend on closed-source major vendors.
Undisclosed · 2025-10 · Valuation $8.0B
—Valuation $8.0B - Deep Cogito
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Series A · $56M · 2026-08
$56M
China
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General-purpose large model and multimodal AI company developing the Step series of language, speech and multimodal/GUI models
Pre-IPO · $3.3B · 2026-05
$3.3B - MiniMax
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IPO · $2.3B · 2026-01 · Valuation $6.5B
$2.3BValuation $6.5B - Baichuan
Generative AI and large language models
Series A · $700M · 2024-07
$700M
Europe
BusinessLatest roundTotal raisedDate- H
Computer-use AI agent platform for large European enterprises. Its core Holo model series can operate existing software interfaces directly to automate business processes; the company also offers an Agents API, a Models API and the Chrome extension HoloTab.
Seed · $220M · 2024-05
$220M - Mistral AI
Develops open-weight large language models and provides supporting compute infrastructure, as well as enterprise and sovereign AI products and API services
Series D+ · 2026-09 · Valuation $24B
—Valuation $24B - Aleph Alpha
Develops AI large language models based on European data
Undisclosed · $500M · 2024-09
$500M
Other / unspecified
BusinessLatest roundTotal raisedDate- Advanced Machine Intelligence Labs
Builds world-model AI systems that enable machines to understand the physical world
Seed · $1.0B · 2026-03 · Valuation $3.5B
$1.0BValuation $3.5B - Sarvam AI
Builds large language models that support Indian languages
Series B · $275M · 2026-06 · Valuation $1.5B
$275MValuation $1.5B - Sentient
Open-source AI platform for building community-driven AGI
Seed · $85M · 2024-07
$85M
Confirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
M&A deals
- 2026-09AcquirerPending closeAleph AlphaAcquisition
Investors that may fit
Andreessen Horowitz
5 Foundation Models deals in the last 24 months · 2 at a nearby stage
Request intro →Ranked by each firm’s deals in this sector over the last 24 months, weighted by nearby stage and shared geography. Indicative only — no rating judgment.