Aidan Gomez, co-founder of Cohere, attends last year's Collision Conference in Toronto. The company says the latest round of funding will accelerate its efforts to build agentic AI products.

Cohere says it’s raised US$500 million, giving the Canadian artificial intelligence firm a US$6.8 billion valuation.

The funding round was led by Radical Ventures and Inovia Capital, with additional cash from AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures and the Healthcare of Ontario Pension Plan.

Cohere says the money will accelerate the Toronto-based company’s efforts to build agentic AI products.

Cohere launches AI health care agents in the U.S.

It says its AI aims to free people from tedious tasks, giving them more time for more interesting and challenging work.

In addition to th

See Full Page