On August 14, 2025, Cohere announced that it raised US$500 million with a US$6.8-billion valuation. The round was led by Radical Ventures and Inovia Capital and included investments from AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures and the Healthcare of Ontario Pension Plan.

Cohere is a Toronto-based AI company that specializes in providing enterprise-grade natural language processing solutions, empowering developers to create sophisticated AI applications and tools.

Osler, Hoskin & Harcourt LLP advised Cohere with a team consisting of Chad Bayne, Ryan Unruch, Jennifer Humphrey, Sara Franklin-White and Alyn Nanji (Emerging and High Growth Companies).