Cohere

Cohere in its US$125 million Series B financing round

Client

Cohere

Value

US$125 million

Service

Emerging and High Growth Companies

Date Closed

February 2022

Industry

Technology

Lead Office

Toronto

 

On February 15, 2022, Cohere announced it has completed its US$125 million Series B financing round. Cohere’s Series B round was led by Tiger Global, with follow-on participation from founding investor Radical Ventures, Index Ventures, and Section 32. Cohere plans to use the fresh capital to fuel its platform development efforts, expand its team, and open a new office in Palo Alto, California.

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, Dhananjay Ghildyal (Emerging and High Growth Companies), and Michael Sproule (Corporate).