Fresh funding enables Cohere to accelerate its global expansion and build the next generation of secure enterprise and sovereign AI solutions.
Cohere announced the successful close of a $500 million funding round at a $6.8 billion valuation. The oversubscribed round was led by Radical Ventures and Inovia Capital, with participation from existing investors including AMD Ventures, NVIDIA, PSP Investments, and Salesforce Ventures, as well as new investors such as the Healthcare of Ontario Pension Plan (HOOPP) and others.
The new capital will accelerate Cohere’s mission to empower businesses and governments worldwide with agentic AI solutions that drive efficiency, streamline operations, and prioritize data security. By simplifying repetitive tasks, Cohere enables organizations to focus on high-value, human-centric work. The company’s security-first approach to enterprise AI distinguishes it from repurposed consumer models by delivering solutions with enhanced data control, regulatory compliance, and digital sovereignty.
To support its growth, Cohere announced key additions to its leadership team. Joelle Pineau has been appointed Chief AI Officer to advance research and product development, while Francois Chadwick joins as Chief Financial Officer to oversee finance and business operations during the company’s global expansion.
Pineau, based in Montreal, is a distinguished AI leader, Professor at McGill University’s School of Computer Science, and core member of Mila, the Québec Artificial Intelligence Institute. She previously served as Meta’s VP of AI Research, leading its Fundamental AI Research (FAIR) team.
Chadwick, based in San Francisco, is a seasoned finance and technology executive. He has held leadership roles including Acting CFO at Uber, where he scaled global finance operations and played a key role during the company’s IPO. He most recently rejoined KPMG, advising high-growth technology companies, following his tenure as CFO at Shield AI.
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This milestone funding follows a year of rapid growth fueled by strategic partnerships and the launch of North, Cohere’s security-first agentic AI platform. Cohere now collaborates with global enterprises such as Oracle, Dell, RBC, Bell, Fujitsu, LG CNS, SAP, and Ensemble Health Partners, delivering transformative solutions across industries including finance, healthcare, telecommunications, manufacturing, energy, and the public sector.
Recent product innovations include enterprise-grade applications built on Cohere’s generative models (Command A and Command A Vision), retrieval models (Embed 4 and Rerank 3.5), and its flagship agentic AI platform, North.
“Cohere is becoming the world’s chosen partner for integrating AI into their critical industries. We are at a pivotal moment in accelerating the delivery of secure AI that empowers enterprises worldwide, and we’re excited to enter this new phase of expansion alongside our partners. We’re thrilled to welcome Joelle and Francois, whose experience, talent and insight will be instrumental in continuing Cohere’s growth.” – Aidan Gomez, Co-founder and CEO of Cohere
“We have been proud investors and partners with Cohere and its founders since day one, with a vision to deliver leading AI for business. Cohere is fulfilling that promise by building privacy-first, cloud-agnostic models and agentic AI applications that are driving extraordinary productivity gains and ROI to blue-chip enterprises, businesses and governments worldwide. We are co-leading this investment round because this is just the beginning for Cohere.” – Jordan Jacobs, Co-Founder and Managing Partner, Radical Ventures
“The company’s relentless focus on customers’ time to value, data privacy, and customization uniquely positions Cohere to lead the enterprise AI adoption, both at home and internationally. We’re proud to continue supporting them as they reshape the future of work.” – Patrick Pichette, Partner, Inovia Capital, and newly appointed Cohere Board Member
Source: Cohere
