Cohere hits $7B valuation a month after its last raise, partners with AMD | TechCrunch

"On Wednesday, Enterprise AI model-maker Cohere said it raised an additional $100 million - bumping its valuation to $7 billion - in an extension to a round announced in August. The August round was an oversubscribed $500 million round at a $6.8 billion valuation, the company said at the time."

"Cohere's full suite of Command-family AI models, including the Command vision, translate, and reasoning models, can now run on AMD's Instinct GPU, a Nvidia GPU competitor. Moreover, AMD will be using Cohere internally as a customer. Cohere is not, however, abandoning support of Nvidia GPUs to strictly support AMD, the company tells TechCrunch."

"Cohere, which has always focused on the enterprise market, is now marketing itself to enterprises where AI sovereignty is urgent, aka keeping local control of the data and models, rather than putting them in the hands of a foreign entity. To that end, Business Development Bank of Canada (BDC) and Nexxus Capital Management (known for its Mexico and Iberia funds) were new investors in this fresh $100 million round, Cohere says."

Cohere secured an additional $100 million in an extension that raised its valuation to $7 billion, following an oversubscribed $500 million August round at a $6.8 billion valuation. The company signed a deal with AMD, an investor, enabling Cohere's Command-family models — including vision, translate, and reasoning — to run on AMD's Instinct GPUs, and AMD will use Cohere internally. Cohere will continue supporting Nvidia GPUs as well. Founded in 2019 by Aidan Gomez, Cohere is focusing on enterprise customers and AI sovereignty, with new investors including BDC and Nexxus Capital.

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