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COHERE
Cohere
Artificial intelligence (large language models) · Toronto, Ontario · Canada · Founded · 2019 · ≈ · 450 · employees

Cohere — Valuation, Funding & Investors

Private

Cohere, headquartered in Canada, remains privately held in the artificial intelligence (large language models) space. Investors last valued the company at $7B. No public ticker exists for the company.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Cohere at a glance
Last valuation
$7B
POST-MONEY · SEP 2025
Raised across rounds
$2.7B
8 rounds
IPO status
Private
no listing announced
Nearest Canborsa market
NVDA—
NVDA-PERP · live
Valuation history

Cohere valuation history

4 valuations. The latest, $7B post-money, was set by the Series D extension in Sep 2025.

$7B
Jun 2023
$2.2B
Series C · post-money
Jul 2024
$5.5B
Series C extension · post-money
+150% vs prior valuation
Aug 2025
$6.8B
Series D · post-money
+24% vs prior valuation
Sep 2025
$7BLATEST
Series D extension · post-money
+3% vs prior valuation
Latest valuation
$7Bpost-money
Set by the Series D extension · 1 Sep 2025
×3.2since the $2.2B Series C in Jun 2023
Valuations
4
Priced rounds with a valuation
Event type
Primary round
The Series D extension · $100M raised
Undated: Series E at —.
Funding history

Cohere funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series A
Sep 2021
$40M
—
Index Ventures
—
Series B
Feb 2022
$125M
—
Tiger Global
—
Series C
Jun 2023
$270M
$2.2B
—
—
Series C extension
Jul 2024
$500M
$5.5B
—
+150.0%
Series D
Aug 2025
$500M
$6.8B
Radical Ventures, Inovia Capital
+23.6%
Series D extension
Sep 2025
$100M
$7B
—
+2.9%
Series E
Apr 2026
$600M
—
Schwarz Group
—
Series E
—
$600M
—
Schwarz Group
—
Cohere · investors

Investors

SSchwarz GroupLEADRadical VenturesLEADInovia CapitalLEADTiger GlobalLEADIndex VenturesLEADOOracleSalesforceNvidiaCiscoAMDFFujitsuBBusiness Development Bank of CanadaNNexxus Capital Management
Will Cohere IPO?
Founded
2019
Sep 2021
Series A
Apr 2026
Series E
IPO
Not announced
No filing has been made.
Cohere — the private market
Last valuation$7B · post-money · Sep 2025
Total raised$2.7B
Lead investors
Schwarz GroupRadical VenturesInovia CapitalTiger Global
IPO statusNot announced
Founded · HQ2019 · Toronto, Ontario · Canada
Employees≈ 450
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Cohere

Cohere is a Canadian technology company headquartered in Toronto, founded in 2019 by Aidan Gomez, Ivan Zhang and Nick Frosst. It builds large language models and AI products for regulated industries such as finance, healthcare, manufacturing, energy and the public sector, sold through an API, through Amazon SageMaker and Google Vertex AI, and through its own North agentic platform.

In April 2026 Cohere agreed to acquire German AI firm Aleph Alpha, a deal an anonymous source told the New York Times would value the combined company at $20 billion. Its nonprofit research arm, Cohere Labs, has published more than 100 research papers.

The money screen · ranked by accessibility

How to get Cohere exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Cohere.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Cohere availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Cohere included.

No account needed

Cohere stock — frequently asked questions

Who are Cohere's competitors?›

The closest artificial intelligence (large language models) peers are on the competitors page.

How can I get exposure to Cohere?›

The routes section explains what is realistically available for a company at this stage.

Is Cohere publicly traded?›

No. Cohere is a private company; its shares do not trade on a public exchange.

What is Cohere's valuation?›

The last valuation is $7B.

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