The company aims to provide higher performance and accuracy with a specific focus on the enterprise market. Cohere reached an annualized revenue of $100 million in May 2025, and its valuation was $7 billion as of September 2025. It counts Nvidia, AMD (AMD -4.49%), and Cisco (CSCO -1.59%) among its backers.
Key facts:
- Founded in 2019.
- Headquartered in Toronto.
- Industries served: Financial services, healthcare, manufacturing, retail, and others.
- Services provided: LLMs, API access, text generation, summarization, and data extraction.