# AI startup Cohere raises USD 50 million at USD 6.8 billion valuation

In 2025, FT reported that Canadian enterprise large model company Cohere had raised USD 50 million at a USD 6.8 billion valuation, with current annual revenue of approximately USD 100 million, challenging OpenAI in the business customer market.



Canonical: https://uniquebase.ai/news/5022670e-e968-4ac2-893d-12fb8e2d5da4
Stable identifier: 5022670e-e968-4ac2-893d-12fb8e2d5da4
Snapshot captured: 2026-10-15T14:23:27.067Z
English updated: 2026-10-15T23:09:35.872Z

## Connected profiles

- [AMD Ventures](/institutions/amd-ventures)
- [Cohere](/companies/cohere)
- [Healthcare of Ontario Pension Plan](/institutions/healthcare-of-ontario-pension-plan)
- [Inovia Capital](/institutions/inovia-capital)
- [NVIDIA](/institutions/nvidia)
- [PSP Investments](/institutions/psp-investments)
- [Radical Ventures](/institutions/radical-ventures)
- [Salesforce Ventures](/institutions/salesforce-ventures)

## Sources

- https://www.ft.com/content/a54fdc4e-dab1-4b50-bcf5-db949c680265