Today, our team is thrilled to celebrate an exciting milestone: Cohere has announced their new $500M funding round. This investment represents a powerful validation of Cohere’s pioneering vision in enterprise AI and marks an important new chapter in their journey to make AI accessible and secure for enterprises worldwide.
A Visionary Team Building the Future
When we first invested in Cohere in 2023, we saw a founding team with the rare combination of deep AI/ML research expertise and enterprise vision, who recognized that the future of AI would be defined by how securely and reliably those models could be deployed in enterprise environments. Led by co-founders Aidan Gomez, Nick Frosst, and Ivan Zhang, Cohere set out to bridge the gap between cutting-edge AI research and enterprise-ready solutions.
Since then, Cohere has evolved from competing directly with general-purpose AI providers to carving out a distinct category at the intersection of secure enterprise AI and purpose-built applications. The Cohere team foresaw that as enterprises moved beyond AI pilots to production deployments, traditional cloud-based solutions would be insufficient for organizations that couldn’t compromise on data sovereignty, security, or compliance.
From AI Models to Enterprise Platform
In just a few short years, Cohere has transformed from a promising AI company into a category-defining enterprise platform. The team’s journey exemplifies the power of strategic vision coupled with exceptional execution.
Cohere started with world-class language models built by former Google Brain researchers, establishing credibility in the competitive AI landscape. They expanded beyond pure model provision to comprehensive enterprise solutions, launching applications like Compass for enterprise search and North for agentic workflows.
Rather than forcing enterprises to choose between AI innovation and security, they built a platform that delivers both — enabling on-premises deployment, private cloud options, and air-gapped environments within customers’ own infrastructure.
The Cohere team has established trust with enterprises across regulated industries like financial services, healthcare, telecommunications, and government sectors.
The Perfect Moment for Growth
This new round comes at a pivotal moment when enterprise AI has shifted from experimental to essential. As organizations race to deploy AI at scale, they need solutions that address the unique requirements of enterprise environments.
Cohere’s platform addresses these challenges head-on. Their commitment to deployment flexibility and grounded, auditable outputs positions them as the trusted AI partner for mission-critical applications. This is why major enterprises like Oracle, Fujitsu, Royal Bank of Canada, Bell Canada, SAP, and Dell have partnered with Cohere.
What’s Ahead
With this $500M fundraise led by Radical Ventures and Inovia Capital, Cohere is positioned to accelerate their mission of bringing secure, controllable AI to every enterprise. We believe this is just the beginning of a broader transformation in how enterprises think about AI deployment.
Cohere has set the standard for what enterprise AI platforms should look like, and their impact will continue to grow as more organizations recognize the strategic importance of AI sovereignty and model control. The enterprise AI market is still in its early stages, with enormous growth potential as organizations move from pilots to production deployments at scale.
We’d like to extend our sincere congratulations to Aidan, Nick, Ivan, and the entire Cohere team on this tremendous achievement. We’re excited to continue our partnership and support their vision of making advanced AI accessible to enterprises without compromising on security or control.
Here’s to the next chapter of secure enterprise AI innovation!
