Cohere Raises $40 Million in Series A  

by Kay Aloha Villamor in September 8th, 2021

Cohere a Toronto-based provider of cutting-edge natural language processing (NLP) models, raised $40 million in Series A funding.

The round was led by Index Ventures with participation from Section 32, returning investor Radical Ventures, and several global AI luminaries, including Turing Award winner Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, and Raquel Urtasun, among others. 

The new capital will be used to expand Cohere’s team and accelerate the adoption of its platform.

Company: Cohere

Raised: $40.0M

Round: Series A

Funding Month: September 2021

Lead Investors: Index Ventures

Additional Investors: Section 32, Radical Ventures, Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, and Raquel Urtasun

Company Website: https://cohere.ai/

Software Category: Cutting Edge-NLP

About the Company: Cohere's mission is to build machines that understand the world and make them safely accessible to all. Cohere provides access to cutting-edge Natural Language Processing (NLP) through a powerful and easy-to-use API. Cohere's models are capable of composing, comparing, and comprehending natural language, making it an unprecedented full-stack NLP solution that radically reduces the cost for companies of all sizes to access leading AI models. Cohere has established an external Responsibility Council that ensures that the safe application of their technology remains the highest priority. Cohere is based in Toronto, Canada, and powers customers across the globe.

Source: https://www.globenewswire.com/news-release/2021/09/07/2292856/0/en/Cohere-Raises-40-Million-in-Series-A-Financing-to-Make-Natural-Language-Processing-Safe-and-Accessible-to-Any-Business.html


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