Cohere secures $500M at $6.8B valuation, adds Joelle Pineau as Chief AI Officer

Enterprise AI company Cohere has raised $500 million in an oversubscribed funding round at a $6.8 billion valuation, led by Radical Ventures and Inovia Capital. The round counted the participation of a group of existing investors, which includes names such as AMD Ventures, NVIDIA, PSP Investments, and Salesforce Ventures. Cohere also welcomed some new investors in this round, most notably including the Healthcare of Ontario Pension Plan.

The funding comes as Cohere strengthens its leadership team with two key hires. Joelle Pineau, former VP of AI Research at Meta who led the Fundamental AI Research (FAIR) team, joins as Chief AI Officer. Francois Chadwick, former acting CFO at Uber who helped guide the company through its IPO, becomes CFO.

Cohere differentiates itself in the enterprise AI market by focusing on security-first solutions that offer local data control and regulatory compliance—addressing gaps left by consumer AI models repurposed for business use. The company's North platform combines generative models (Command A series), retrieval models (Embed 4, Rerank 3.5), and agentic AI capabilities.

Strategic partnerships with Oracle, Dell, RBC, Bell, SAP, and others across finance, healthcare, telecommunications, and manufacturing sectors demonstrate Cohere's enterprise traction. The fresh capital will accelerate the development of agentic AI solutions designed to automate tedious tasks while maintaining data sovereignty.