Cohere

Hill Chart Shape

Overview

Cohere
Sectors
AI, Automation, Cloud & Infra
Headquarters
171 John Street, Toronto, Ontario, Canada
CEO
Aidan Gomez
Cohere raised $500.0M in a Series D Valuation at a $209.3993 price per share, amounting to a post-money valuation of $5.5B on June 14, 2024. PMI data indicates that Cohere's shares have been trading at an 8.6% discount to their Series D Valuation based on institutional secondary market activity.
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Series D Valuation
Latest funding round
$5.5B
XXXXX
2024-06-14
XX-XX-XXXX
AV Implied Valuation
$5.02B
2024-12-16
AV Implied Valuation
XXXXX
XX-XX-XXXX
Change since Last Round
-8.60%
2024-06-14 ➞ 2024-12-16
Change since Last Round
XXXXX
XX-XX-XXXX
Secondary Activity
Medium
XXXXX
Volume
$171.92M
XXX
(90 day period)
Bid
XXX
Ask
XXX
Bid
$2.0M
Ask
$169.92M

“The union of research and product will realize a world where technology commands language in a way that's as compelling and coherent as ourselves.”

Cohere is a leading artificial intelligence company specializing in natural language processing (NLP) and machine learning solutions. Founded in 2019 by a team of renowned AI researchers and industry experts, Cohere is headquartered in Toronto, Canada, and has rapidly established itself as a pioneer in transforming how businesses and developers leverage language technology to drive innovation and efficiency.

Business Model

Cohere’s language models facilitate tasks such as text generation, summarization, translation, and sentiment analysis, allowing businesses to automate processes and gain insights from large text datasets. The Cohere Platform provides a user-friendly interface and API for developers to integrate and customize these models without needing extensive AI expertise. Cohere also offers custom solutions, partnering with organizations to develop tailored NLP applications that address specific business challenges. Through these offerings, Cohere enables businesses to leverage the power of AI-driven language technology effectively.

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Targeted Impact

Cohere aims to make AI-driven language processing more accessible and practical across various industries.

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What Comes Next?

Enhance its product offerings, expand its global reach, and deepen its partnerships across various sectors.

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Who Will benefit?

Businesses and Enterprises, Developers and Data Scientists, Startups, E-commerce Platforms, Researchers and Academics, Content Creators.

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Cohere Growth Timeline

Cohere and Competition

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2023 Revenue (in Millions of dollars)

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Cohere operates in a competitive landscape with major players like OpenAI, Google, and Microsoft, all of which offer advanced AI and NLP solutions. Cohere differentiates itself with a focus on scalable, customizable NLP models tailored for enterprise use, alongside a strong commitment to ethical AI development. The industry is driven by increasing demand for AI solutions, rapid advancements in AI research, and the need to navigate ethical and regulatory concerns.

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VC / Strategic Investors

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amd-ventures

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AMD Ventures

Invested at:

Series D

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cisco-investments

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Cisco Investments

Invested at:

Series D

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fujitsu

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Fujitsu

Invested at:

Series D

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index-ventures

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Index Ventures

Invested at:

Series A-5, Series B, Series C

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inovia-capital

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Inovia Capital

Invested at:

Series C

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mirae-asset

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Mirae Asset

Invested at:

Series C

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nvidia

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Nvidia

Invested at:

Series C

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oracle

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Oracle

Invested at:

Series C

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psp-investments

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PSP Investments

Invested at:

Series D

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radical-ventures

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Radical Ventures

Invested at:

Series A-5, Series B

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salesforce-ventures

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Salesforce Ventures

Invested at:

Series C

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schroders-capital

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Schroders Capital

Invested at:

Series C

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section-32

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Section 32

Invested at:

Series A-5, Series B

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sentinelone

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SentinelOne

Invested at:

Series C

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thomvest-ventures

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Thomvest Ventures

Invested at:

Series C

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tiger-global-management

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Tiger Global Management

Invested at:

Series B

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Key Partners

Cohere's Analysis

Annual Revenue and Revenue Growth

Funding Round

Return on Investment (ROI)

Bid:Ask Volume Ratio

ApeVue highlights the quarterly bid:ask volume ratio where there were at least three broker contributions within that period.

Activity

Activity refers to broker contributions within the last 90 days.

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Cohere Private Comparables in the AI Sector

ApeVue highlights active private companies within the AI sector.

Change in ApeVue Valuation Since Last Funding Round

ApeVue uses composite price based on the institutional level contributions within the last 90 days to compute implied valuation. ApeVue's current implied valuation is compared to each company's latest funding round valuation:

Change in Composite Price

The plot below illustrates the change in composite price within the last 90 days.

Activity

The plot below displays the 90-day activity based on institutional-level ($1M+) broker contributions.

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