Cohere Raises $500 Million at $6.8 Billion Valuation
The enterprise AI firm confirmed the new funding on Aug. 14, 2025, in an oversubscribed round co-led by Inovia Capital and Radical Ventures.
Enterprise-First Strategy Attracts Investors
Cohere, a Toronto-based startup building large language models for enterprise customers, confirmed on Aug. 14, 2025, that it has raised $500 million in new funding. The deal places the company's valuation at $6.8 billion. The oversubscribed round was co-led by Inovia Capital and Radical Ventures.
Cohere's business model focuses on selling its AI products directly to large enterprises, a strategy that contrasts with competitors like OpenAI and Anthropic that also maintain popular consumer-facing chatbots. The company reported that its annual recurring revenue doubled to $100 million in 2025, with a goal of reaching $200 million …
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