Toronto-based Cohere has secured $500 million at a $6.8 billion valuation. The company equips enterprise organizations with agentic AI tools designed to help simplify tedious tasks and increase their efficiency. Cohere’s latest round was led by Radical Ventures and Inovia Capital and is followed by two notable executive appointments.
As Cohere works to equip businesses and governments with security-first enterprise AI solutions, the company brought on Joelle Pineau as chief AI officer to further its research and product development. With extensive experience innovating LLMs, Pineau formerly served as the head of Meta’s fundamental AI research team. Pineau will be based at Cohere’s Montreal office.
Additionally, Francois Chadwick is joining the Cohere team from his previous capacity as acting chief financial officer at Uber. Based out of San Francisco, Chadwick will serve as CFO to oversee Cohere’s finance and business operations as the company expands to serve a growing global customer base.
These moves follow a period of growth for Cohere. The company has established strategic partnerships with companies like Oracle, Dell and RBC to extend its offerings to finance, healthcare, telecommunications, manufacturing and energy companies. Cohere also recently launched its security-first agentic AI platform, North, to complement the existing enterprise apps built on its original generative model series.
