Cohere

Own your AI. Empowering enterprises with private, powerful systems and builders with accessible, open-source models.

Founded 2019 Canada

Toronto, Canada 1179 employees Series E Total: $1.64B AI, Machine Learning

General Information

Company Name Cohere

Founded Year 2019

Location

Toronto, Canada

Employees 1179

Industries AI, Machine Learning

Funding Stage Series E

Business Model B2B, PaaS, Platform

Revenue Model Usage Based, Subscription, Tiered Pricing

Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Pricing Changed Oct 24, 2026

Cohere removed the Large plan, which was previously $10.00 hourly or $6,500 monthly.

Product Launch Oct 07, 2026

Cohere is launching Compass Cloud, a new search and retrieval platform, which is currently in private beta and accepting applications for early access.

Feature Release Oct 05, 2026

Cohere has introduced North 2, their biggest upgrade yet, featuring 15+ new capabilities designed to end compromises for agentic AI in enterprises.

Growth Metrics Oct 05, 2026

Cohere announced a 100% increase in its employee count, growing from ~400 at the beginning of 2026 to over 800 by October 2026.

Major Customer Win Oct 04, 2026

Cohere secured SRNA_LI as a customer, empowering their business with Cohere's solutions.

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About Cohere

Cohere, founded in 2019, stands as a pioneering force in the realm of enterprise AI, distinguished by its commitment to security-first solutions. Operating out of its headquarters in Toronto, Canada, Cohere is known for crafting cutting-edge foundation models and comprehensive AI products. These are specifically tailored to address tangible business challenges, offering full customization and seamless integration for enterprises.

The company’s all-in-one platform is notable for its robust data security and privacy features, along with the flexibility to deploy across major cloud providers, private clouds, or on-premises settings. Core industries include AI and Machine Learning, underlining its technological prowess.

In its latest financial stride, Cohere secured a substantial $600.00M Series E investment, with backing from The Group Ventures on 01 April 2026. This significant capital injection not only underscores investor confidence but also positions Cohere to further drive innovation and scale its impact across enterprises globally.

Business keywords: Enterprise AI, Foundation Models, AI Integration, Privacy, Cloud Deployment, Private Cloud, On-Premises Solutions, Natural Language Processing, Large Language Models, End-to-End AI Products, Customization, AI for Business Solutions

Services & Products

AI Platform for Workplace Productivity

Intelligent Search and Discovery

High-Performance Language Models

Speech-to-Text Transcription

Multilingual Research Models

Advanced Search and Retrieval Tools

Target Customers

Technology Companies Financial Services Healthcare and Life Sciences Manufacturing Energy and Utilities Public Sector Telecommunications

Pricing

as listed on Oct 24, 2026

from $0.3 per 1M tokens

Small instance (Model Vault): $2,000/month per instance
Medium instance (Model Vault): $3,250/month per instance
Unnamed instance (Model Vault): $2,500/month per instance
XL instance (Model Vault): $4,300/month per instance

Cohere's pricing page

Funding Rounds & Investors (10)

View All

Funding Stage	Amount	Investors	Lead Investors	Date
Series E	$600.00M	1	The Group Ventures	01 Apr 2026
Late VC	$100.00M	2	Nexxus Capital, Business Development Bank of Canada (BDC)	01 Sep 2025
Grant	Undisclosed	1	Government of Canada	01 Mar 2025
Series D	$500.00M	9	Nvidia, Salesforce Ventures +7	01 Jul 2024
Late VC	Undisclosed	1	SAP	01 Jul 2023
Series C	$270.00M	10	Index Ventures, iNovia Capital +8	01 Mar 2023
Series B	$125.00M	4	Index Ventures, Radical Ventures +2	01 Feb 2022
Series A	$40.00M	7	Index Ventures, Radical Ventures +5	01 Sep 2021
Early VC	$5.00M	3	Artisanal Ventures, Radical Ventures +1	01 Jan 2020
Spinout	Undisclosed	1	University of Toronto Asset Management Corporation	01 Sep 2019

Cohere Alternatives & Competitors

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FAQ About Cohere

Own your AI. Empowering enterprises with private, powerful systems and builders with accessible, open-source models.

Cohere was founded in 2019.

Cohere is headquartered in Toronto, Canada.

Cohere operates in AI and Machine Learning. Its work centres on Enterprise AI, Foundation Models, AI Integration and Privacy. Its customers include Technology Companies, Financial Services and Healthcare and Life Sciences.

Cohere has a B2B, PaaS and Platform business model. Its revenue comes from Usage Based, Subscription and Tiered Pricing.

As listed on Cohere's pricing page on Oct 24, 2026: from $0.3 per 1M tokens (Small instance (Model Vault): $2,000/month per instance; Medium instance (Model Vault): $3,250/month per instance; Unnamed instance (Model Vault): $2,500/month per instance; XL instance (Model Vault): $4,300/month per instance).

Cohere has approximately 1179 employees.

Cohere has completed 10 funding rounds, raising a total of $1.64B. The latest funding stage is Series E.

Cohere offers: AI Platform for Workplace Productivity, Intelligent Search and Discovery, High-Performance Language Models, Speech-to-Text Transcription, Multilingual Research Models, Advanced Search and Retrieval Tools.

Top alternatives and competitors to Cohere include Altilia, LILT AI, MonkeyLearn, SambaNova, Pienso. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Cohere and Altilia are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Cohere, https://bouncewatch.com/company/cohere-7, updated 6 August 2026. When citing, please name BounceWatch and link this page.

Cohere

General Information

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About Cohere

Services & Products

Target Customers

Pricing

Funding Rounds & Investors (10)

Cohere Alternatives & Competitors

FAQ About Cohere