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Cohere

Enterprise-focused LLM platform — RAG, embeddings, classification
Cohere targets enterprise customers with private-deployment LLMs optimized for RAG, search, and classification. Co-founder Aidan Gomez was a co-author of the original 'Attention is All You Need' transformer paper. It raised an oversubscribed $500M in August 2025 at a $6.8B valuation, co-led by Radical Ventures and Inovia Capital, then extended that round by $100M in September 2025 at a $7B valuation alongside a partnership running its Command models on AMD Instinct GPUs — bringing total funding past $1.6B. Annual recurring revenue reached US$240M, beating its own $200M forecast. In September 2026 it was reported to be in advanced talks to raise $2-3B at a $20B valuation; that round is unclosed, so this entry's mark remains the confirmed $7B.
AI 📍 Toronto, Canada Founded 2019
Current Valuation
$7.0B
as of 2025-Q3
UNICORN

QL Price

$18B
-10% vs last round
QuantLogix's current estimate for Cohere, published 2026-10-07 — below the last disclosed round of $20B (2026).
Confidence
medium
Basis
blended
What backs this price
Last disclosed round $20B 2026 weight 1
Secondary market print $20B 2026-06-27 weight 0.54
Public-company comparables $2.3B 2025 weight 0.2
How this price has held up
No round has priced for Cohere since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
How to actually get exposure to Cohere →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Cohere, 2026-10-07 (b48f38b2aa1c79c7). The id pins this exact claim, so a citation stays checkable after the price moves. Model estimate for research — not a quote, target price, or investment advice.

IPO Outlookprivate

Is Cohere going public?
No. Cohere has no imminent IPO plans on record. It is still private.
What is Cohere's valuation in 2026?
Cohere is valued at $7.0B as of 2025-Q3, set by its 2025 round — second close (extension of the August 2025 round) ($100M, Sep 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Cohere filed an S-1?
No public S-1 is on file for Cohere.
Who are Cohere's investors?
Cohere's investors include Radical Ventures, Inovia Capital, Nvidia, AMD Ventures, Salesforce Ventures, PSP Investments and 4 more.
How much has Cohere raised?
Cohere has raised $1.6B in total across 3 disclosed rounds, most recently a 2025 round — second close (extension of the August 2025 round) of $100M in Sep 2025.
Is Cohere publicly traded — can you buy Cohere stock?
No. Cohere is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Cohere on its Pre-IPO Access Desk.
How to actually get exposure to Cohere →
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.

Company Profile

CEO
Aidan Gomez
Founded
2019
HQ
Toronto, Canada
Employees
~400
Total Raised
$1.6B
Est. Revenue
$240M (2025)
Growth
$240M ARR, ahead of a $200M forecast; >50% QoQ growth through 2025 at ~70% gross margins
Last Round
2025 round — second close (extension of the August 2025 round) — $100M (Sep 2025)
IPO Status
no imminent plans

Fundraising Status

2025 round — second close (extension of the August 2025 round) · $100M · 1y 1mo ago
no imminent plansTotal raised $1.6B3 disclosed rounds

2025 round (second close / extension) Impact

Round Size
$100M
Primary financing announced
Post-Money Valuation
$7.0B
Company-announced mark
Valuation Step-Up
+2.9%
vs 2025 round (first close) at $6.8B
Round / Post-Money
1.4%
New capital ÷ post-money
Disclosed Funding
$1.6B
Cumulative disclosed rounds
Step-up compares disclosed post-money valuations. Round / post-money is a financing-size ratio, not an ownership or dilution estimate.

Secondary Market

Implied price / share
$251.4
Open interest
11
Secondary price return by period
Secondary market period returns3-month+38.4%6-month+31.2%1-year+51.0%All-time+25040%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Growth & Valuation

Valuation across funding rounds
Valuation growth across funding rounds$6.8B$7.0BAug '25Sep '25
Capital raised per round
Capital raised per funding round$500MSeries D$500M2025 round (first close)$100M2025 round (second close / extension)
Charts built from publicly disclosed funding rounds and revenue estimates. Approximate, not real-time, not investment advice.

Funding History

RoundAmountDateLead InvestorPost-Money
2025 round (second close / extension)$100MSep 2025—$7.0B
2025 round (first close)$500MAug 2025Radical Ventures & Inovia Capital (co-led)$6.8B
Series D$500MJul 2024PSP Investments—

Vertical Intelligence — AI / ML

Open models
0
verified organization
Downloads (30d)
0
across all models
Followers
410
Attributed to Hugging Face organization "Cohere" as of 2026-10-04. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗

Talent Signal

Hiring trend
▶ Hiring steady
0% vs 2026-08
Open roles
144
via ashby
Product-build share
49%
engineering, research, product, design
Trajectory
steady
product-led hiring — 49% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month144Aug '26144Sep '26
Open roles by function
Open roles by functionEngineering41Sales & GTM31Other25Research8Product8Security7Marketing6Ops & People6Data & ML4
■ product-building   ■ go-to-market / G&A
Member of Technical Staff, Training Performance EngineerMember of Technical Staff, Training Infra EngineerForward Deployed Engineer, Infrastructure Specialist (Middle East)Member of Technical Staff, Integration/RL Team (Research Engineer)Forward Deployed Engineer, Agentic Platform (UK/Europe)Forward Deployed Engineer, Infrastructure Specialist (Europe)
Counted from Cohere's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Aidan GomezIvan ZhangNick Frosst

Investors

Radical Ventures · Inovia Capital · Nvidia · AMD Ventures · Salesforce Ventures · PSP Investments · Cisco · Oracle · Business Development Bank of Canada (BDC) · Nexxus Capital Management

Products

  • Command R+ (LLM)
  • Embed v3
  • Rerank
  • North (enterprise platform)
  • Aya (multilingual)

Competitors

OpenAI · Anthropic · Mistral AI · AI21 Labs
AIEnterpriseRAG
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.