Key facts
- Capital: On 29 October 2026 Cohere announced the initial close of a Series E round targeting up to CAD $7 billion at a CAD $35.7 billion valuation, led by Schwarz Group companies.
- Ownership: Cohere signed a definitive agreement to combine with Germany's Aleph Alpha on 16 September 2026; the deal is subject to regulatory approvals and had not closed by 30 October 2026.
- Acquisitions: Cohere bought Reliant AI in 2026 and on 15 October 2026 announced a proposed agreement to acquire AISLE, which is set to become Cohere Cyber.
- Growth: Cohere ended the third quarter of 2026 with ARR up 165% year on year and grew its customer base 20-fold to 300 customers over the past year.
- Canada: Cohere expects to invest more than C$4 billion in research, development and AI infrastructure in Canada between 2024 and 2031 and create more than 1,500 jobs.
- Offices: Beyond Toronto, Cohere operates in San Francisco, London, New York, Berlin, Montreal, Ottawa, Singapore, Paris, Tokyo, the United Arab Emirates and Seoul.
Focus areas
About
Cohere builds large language models and an agentic AI platform for regulated industries and governments. Founded in Toronto in 2019, it lets organisations run its models across public and private clouds, on their own premises or in fully air-gapped settings, so they keep control of data and infrastructure. Customers include RBC, TD Bank, TKMS, RWS and the Aston Martin Aramco Formula One team. In October 2026 Cohere opened a Series E round targeting up to CAD $7 billion, and it has agreed to combine with Germany's Aleph Alpha.
How they use AI
Cohere trains its own foundation models and sells them directly and inside its products. The Command family handles text generation, tool use and multilingual analysis, Embed and Rerank power enterprise search and retrieval-augmented generation, and Parse and Transcribe turn documents and audio into usable data. North is its agentic platform, where staff use AI agents connected to company systems and data. Model Vault provides dedicated inference for customers that want an isolated deployment. Feedback from customer work on real tasks shapes the next generation of its general models.
Products and services
- North — Agentic AI platform that connects AI agents to enterprise systems and data
- Command — Enterprise large language models for generation, tool use and multilingual tasks
- Embed and Rerank — Models for semantic search and retrieval-augmented generation
- Model Vault — Dedicated model inference platform for isolated deployments
- Parse and Transcribe — Document parsing and speech-to-text models
Notable customers / partners
- RBC
- TD Bank
- TKMS
- RWS
- Aston Martin Aramco Formula One Team
Key people
- Aidan Gomez — Co-founder and Chief Executive Officer
- Nick Frosst — Co-founder
- Ivan Zhang — Co-founder
- Joelle Pineau — Chief AI Officer
- François Chadwick — Chief Financial Officer
- Phil Blunsom — Chief Technology Officer
Investors
- Schwarz Group companies
- Bell Ventures
- Bullhound
- Government of Canada
- Inovia
- NVIDIA
- Prosperity7
