On June 8, 2023, Cohere announced that it raised US$270 million in a Series C financing round. This round was led by iNovia Capital with additional participation from other institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and Index Ventures. Cohere plans to utilize this funding towards enabling enterprises to implement generative artificial intelligence.
Cohere is a Toronto-based software company specializing in its Natural Language Processing platform which composes, compares and comprehends natural language in AI models.
Osler, Hoskin & Harcourt LLP advised Cohere with a team consisting of Chad Bayne, Ryan Unruch, Jennifer Humphrey, Nik Popovski and Handi Xu (Emerging and High Growth Companies).