Cohere

Cohere

Provides NLP tools and LLMs via API

About Cohere

Simplify's Rating
Why Cohere is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

AI & Machine Learning

Company Size

501-1,000

Company Stage

Series D

Total Funding

$940M

Headquarters

Toronto, Canada

Founded

2019

Overview

Cohere provides advanced Natural Language Processing (NLP) tools and Large Language Models (LLMs) through a user-friendly API. Their services cater to a wide range of clients, helping businesses improve content generation, summarization, and search functionalities. Cohere's revenue model is based on offering scalable and affordable generative AI tools, allowing users to access pre-trained models for tasks like text classification, sentiment analysis, and semantic search in multiple languages. The platform is customizable, enabling businesses to create tailored solutions. With its multilingual capabilities, Cohere effectively addresses language barriers, making it suitable for international use.

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Simplify's Take

What believers are saying

  • Cohere's Command A model supports 23 languages, meeting growing multilingual AI demand.
  • Cohere's Embed 4 model processes 200-page documents, enhancing large document handling.
  • Cohere's models require fewer computational resources, offering cost-effective enterprise solutions.

What critics are saying

  • Cohere faces a copyright infringement lawsuit from news publishers.
  • Cohere's market share among enterprises is significantly lower than competitors like OpenAI.
  • Aya Vision's non-commercial license limits its adoption in enterprise applications.

What makes Cohere unique

  • Cohere offers advanced NLP tools through a user-friendly API for global clients.
  • Cohere's multilingual support breaks language barriers for international applications.
  • Cohere's models are customizable, allowing businesses to build smarter, faster solutions.

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Funding

Total Funding

$940M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$500M
Cohere

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

19%
PR.com
May 2nd, 2025
Cohere.Hive Secures Major Funding for Expansion

Cohere.Hive has secured a new funding round exceeding hundreds of millions of dollars, led by existing investors. The funds will support the company's expansion in Asia, focusing on multilingual AI solutions with enhanced security, customization, and low-resource optimization. Cohere.Hive aims to advance technologies like Mixture-of-Experts architecture and Retrieval-Augmented Generation, while strengthening local partnerships and ecosystem collaborations.

Medium
Apr 15th, 2025
Ayham Aloulabi: Why Canada’s Investment in Cohere Is a Step Forward, But Not Enough

Ayham Aloulabi on Why Canada Must Move Faster to Lead in Artificial Intelligence Before It's Too Late.

BetaKit
Apr 15th, 2025
Cohere Doubles Down On Agentic Search Capabilities With New Embed 4 Model

Agents will continue to be an important part of enterprise AI adoption, Cohere told BetaKit

VentureBeat
Apr 15th, 2025
Cohere Launches Embed 4: New Multimodal Search Model Processes 200-Page Documents

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Enterprise retrieval augmented generation (RAG) remains integral to the current agentic AI craze. Taking advantage of the continued interest in agents, Cohere released the latest version of its embeddings model with longer context windows and more multimodality. Cohere’s Embed 4 builds on the multimodal updates of Embed 3 and adds more capabilities around unstructured data. Thanks to a 128,000 token context window, organizations can generate embeddings for documents with around 200 pages. “Existing embedding models fail to natively understand complex multimodal business materials,‬‭ leading companies to develop cumbersome data pre-processing pipelines that only slightly‬‭ improve accuracy,” Cohere said in a blog post. “Embed 4 solves this problem, allowing enterprises and their employees to‬‭ efficiently surface insights that are hidden within mountains of unsearchable information.‬”Enterprises can deploy Embed 4 on virtual private clouds or on-premise technology stacks for added data security. Companies can generate embeddings to transform their documents or other data into numerical representations for RAG use cases

The Logic
Mar 20th, 2025
Cohere receives $240M for AI project

Ottawa is investing $240 million in Cohere's $725 million project to acquire AI compute resources at a new Canadian data center set to open this year.

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