Cohere Raises $500 million Series E
Cohere raised $500M in Series E financing led by PSP Investments, with participation from PSP Investments, Nvidia, AMD. Enterprise LLM command platform. The new capital is framed around Expand private cloud deployments and launch Cohere Agents platform.
What it does
Enterprise LLM command platform. The business sits in AI & Machine Learning, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.
Traction
Command A model at top of enterprise leaderboard; $100M ARR milestone. Management framed the new capital around Expand private cloud deployments and launch Cohere Agents platform.
Trend impact
Enterprise-grade private LLM competing with OpenAI enterprise. The capital raise matters because it gives the company more room to compete for customers, talent, and mindshare while incumbents and adjacent startups respond with clearer product depth or distribution.
Funding history
- June 1, 2025 · Series E · $500 million · PSP Investments
- July 1, 2024 · Series E · $500 million · PSP Investments, alongside PSP, Salesforce, NVIDIA
- July 1, 2024 · Series D · $500 million · PSP Investments
- June 1, 2023 · Series D · $270 million · Inovia Capital, alongside Inovia, Oracle, Salesforce
- January 1, 2023 · Series C · $270 million · Inovia Capital, alongside Inovia, Various
- February 1, 2022 · Series C · $270 million · Tiger Global
- November 1, 2021 · Series B · $125 million · Tiger Global
- October 1, 2023 · Series C · $100 million · Various
Products & services
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