📝 Cohere raises $100M

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Cohere has raised an additional $100 million USD at a $7 billion valuation, extending the $500 million round it announced last month at $6.8 billion. New backers BDC and Nexxus Capital join a heavyweight roster that already includes NVIDIA, Salesforce Ventures, AMD, and Canadian pension funds, underscoring the Toronto-based company’s status as Canada’s AI champion. The funding, revealed at Montreal’s ALL IN conference, will fuel global expansion with new offices in Paris, South Korea, and Montréal, and deepen Cohere’s enterprise partnerships with AMD, Dell, SAP, and others. Founded in 2019 by ex-Google researchers, Cohere has raised $1.6 billion to date and grown to 450 employees; while its revenue run rate crossed $100 million earlier this year and could double by late 2025, it still trails OpenAI and Anthropic in both scale and sales.

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