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Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down
TechCrunchยท 2025-08-14 17:40
Company Overview - Cohere has raised an oversubscribed $500 million funding round, increasing its valuation to $6.8 billion from $5.5 billion a year ago [1] - Founded in 2019 by Aidan Gomez, Cohere focuses on secure large language models (LLMs) for enterprise use rather than consumer applications [2] Partnerships and Talent Acquisition - The company has established partnerships with major enterprise technology firms such as Oracle, Dell, Bell, Fujitsu, LG's consulting service CNS, and SAP, as well as significant enterprise clients like RBC [3] - Cohere has recently hired Joelle Pineau, former head of research at Meta, as its chief AI officer and Francois Chadwick as CFO from KPMG [3] Funding Details - The latest funding round was led by Radical Ventures and Inovia Capital, with participation from existing investors including AMD Ventures, Nvidia, and Salesforce Ventures [4] - Notably, Oracle was not named as a participating investor in this round, despite its previous backing [4][7]