Cohere Raises $500 Million to Scale Enterprise-Grade GenAI Platforms

Canadian startup Cohere secured US$500 million in new funding to expand enterprise-focused generative-AI infrastructure. The round, led by existing institutional investors, will accelerate product development and cloud integrations for large-language-model deployment. Cohere plans to enhance multilingual APIs and fine-tuning tools targeting Fortune 500 clients. Industry observers said the raise underscores investor confidence in domain-specific AI as enterprises prioritize private-data security and compliance. Analysts view Cohere’s positioning against OpenAI and Anthropic as critical for the next wave of corporate AI adoption.