# Cohere reaches USD 35 million annual revenue, raises USD 500 million at USD 5.5 billion valuation

On 2024/7/22, TechCrunch reported that Canadian generative AI company Cohere had raised USD 500 million with participation from Cisco, AMD, Fujitsu and others, increasing its valuation to USD 5.5 billion, double the USD 2.7 billion in 2023/6. Current annual revenue was approximately USD 35 million and total funding USD 970 million.



Canonical: https://uniquebase.ai/news/b12739c0-9ee8-4c96-8aa2-9ac0e8723b8e
Stable identifier: b12739c0-9ee8-4c96-8aa2-9ac0e8723b8e
Snapshot captured: 2026-10-15T14:23:27.067Z
English updated: 2026-10-15T23:57:45.627Z

## Connected profiles

- [AMD Ventures](/institutions/amd-ventures)
- [Cisco](/institutions/cisco)
- [Cisco Investments](/institutions/cisco-investments)
- [Cohere](/companies/cohere)
- [Export Development Canada](/institutions/export-development-canada)
- [Fujitsu](/institutions/fujitsu)
- [NVIDIA](/institutions/nvidia)
- [Oracle](/institutions/oracle)
- [PSP Investments](/institutions/psp-investments)
- [Salesforce Ventures](/institutions/salesforce-ventures)

## Sources

- https://techcrunch.com/2024/07/22/cohere-raises-500m-to-beat-back-generative-ai-rivals/