Cohere

Business/Productivity Software · Toronto, Canada · Founded 2019 · Privately Held (backing)

Developer of a natural language processing software designed to build machines that understand the world and to make them safely accessible to all. Cohere is based in Toronto, Canada and was founded in 2019. It was valued at $7 billion at its later-stage round in Sep 2025, the last priced event on record. It has raised $1.6 billion across 3 recorded rounds; the latest was a $700 million Series D1 in Sep 2025.

PMV mark · valuation
$7.0B
Oct 2026
Priced at
its later-stage round
Sep 2025
Total raised
$1.6B
Last round
Later Stage VC (Series D1)
Sep 2025

Cohere key facts

as of Oct 2026
  • Developer of a natural language processing software designed to build machines that understand the world and to make them safely accessible to all.
  • Cohere is valued at approximately $7.0B as of Oct 2026, set at its later-stage round, Sep 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $1.6B across 3 recorded rounds; the latest was Later Stage VC (Series D1) ($700.0M) in Sep 2025.
  • Notable investors include Alumni Ventures, Creative Destruction Lab, Index Ventures, BDC Capital, Nvidia — 52 tracked in total.
  • PrivateMarketView tracks 11 recorded secondary trades in Cohere shares.
  • 2 investment vehicles were formed to buy Cohere shares in the last 12 months, reporting $47.1M sold to 29 investors, per SEC Form D filings.
  • Cohere has filed 4 Form Ds with the SEC since 2019, most recently Feb 2023 ($1.1M sold to 21 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$7.0B

Valued at $7.0B at its later-stage round, Sep 2025. Nothing has traded since.

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Secondary market

monthly marks · 33 months · May 2023 – Jan 2026 · ended
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May 2023marks: indicative $/share, month-end · series ended Jan 2026Jan 2026
Monthly marks are a Pro feature — the shape is real, the numbers are waiting.Unlock 33 monthly marks

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Cohere secondary trades

11 on record · Dec 2023 – May 2025

11 trades between Dec 2023 and May 2025. Exact dates, prices and structures are available to Pro members.

Dec 2023peak 3 prints / monthMay 2025
Individual prints are Pro.Unlock 11 trade prints

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Cohere funding rounds

3 rounds
Sep 2025Later Stage VC (Series D1)$700.0M▮
Jul 2024Later Stage VC (Series D)$500.0M▮
Jun 2023Later Stage VC (Series C)$270.0M▮

Vehicles formed to buy Cohere shares

secondary demand · SEC Form D filings

In the last 12 months, 2 investment vehicles were formed to buy Cohere shares, reporting $47.1M sold to 29 investors across 2 sponsors. Most recent filing Mar 2026.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 2 vehicles →

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Cohere valuation

Cohere was valued at $7 billion at its later-stage round in Sep 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

Cohere ranks 111th by valuation and 39th by capital raised among the private companies PrivateMarketView tracks.

How much has Cohere raised?

Cohere has raised $1.6 billion across 3 recorded rounds since 2023. The largest was a $700 million Series D1 in Sep 2025.

Cohere has filed 4 Form Ds with the SEC since 2019, most recently in Feb 2023 ($1.1 million sold to 21 investors).

Cohere secondary market activity

11 secondary trades in Cohere shares are on record, between Dec 2023 and May 2025. Exact dates, prices and structures are available to Pro members.

A monthly secondary-market price series for Cohere runs from May 2023 to Jan 2026 (33 months); the most recent quote is from Jan 2026.

Institutional holders and vehicles

In the last 12 months, 2 investment vehicles were formed to buy Cohere shares, reporting $47.1 million sold to 29 investors across 2 sponsors, per SEC Form D filings (most recent Mar 2026).

Cohere investors

52 investors are on record for Cohere, including Alumni Ventures, Creative Destruction Lab, Index Ventures and BDC Capital. By type, the record holds 19 venture capital firms and 3 growth equity firms. The Series D1 in Sep 2025 drew 14 investors.

Comparable companies

Comparable business/productivity software names by valuation on PrivateMarketView: FluidStack ($7.5 billion), Glean ($7.2 billion) and Celestial AI ($6 billion).

About Cohere

Developer of a natural language processing software designed to build machines that understand the world and to make them safely accessible to all. The company's software provides access to language models that read multiple web pages, which also teach users to understand the meaning, sentiment, and tone of the words, enabling businesses to improve comprehension capabilities to build personalized user experiences.

Industry
Business/Productivity Software
Sector
Information Technology
HQ
Toronto, Canada
Founded
2019
Employees
450
Ownership
Privately Held (backing)

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