On July 22, 2024, Cohere announced that it closed its Series D financing round, raising US$500 million with a US$5.5-billion valuation. The round was led by PSP Investments and included investments from NVIDIA, Fujitsu, Cisco, AMD Ventures and Export Development Canada. This round of financing more than doubles the company’s valuation from last year, when it raised its US$270-million Series C financing round, making it one of the most valuable AI companies in the world.
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), Simon Hodgett, Christine Jackson, Sam Ip and Ranish Raveendrabose (Technology).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Partner, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
Partner, Technology, Toronto
Partner, Technology, Toronto
Partner, Commercial, Toronto
Associate, Technology, Toronto
