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
What is Cohere worth?
$7.0BPrivateMarketView mark · Oct 2026

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

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The prices on Cohere
  • ·Every dated print: 11 trades with prices and structures
  • ·The monthly marks chart, 33 months in dollars
  • ·2 investment vehicles formed around Cohere: sponsors, sizes, dates
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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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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
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Cohere funding history

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

Comparable companies

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

How Cohere's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Cohere, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Cohere

What is Cohere worth?
Cohere is valued at $7.0B as of Oct 2026. Valued at $7.0B at its later-stage round, Sep 2025. Nothing has traded since.
How much has Cohere raised?
Cohere has raised $1.6B in total funding across 3 recorded rounds.
When did Cohere last raise?
Cohere last raised in Sep 2025 (Later Stage VC (Series D1)), raising $700.0M.