Cohere

Cohere is a Toronto-based artificial intelligence company founded in 2019 by Aidan Gomez, Ivan Zhang, and Nick Frosst. The company specializes in developing large language models (LLMs) and natural language processing (NLP) tools for enterprise use. Cohere's technology enables businesses to generate text, analyze content, moderate discussions, and perform various language-related tasks through its API. The company's models are trained on vast amounts of data, including web pages and discussion boards, allowing them to understand and generate human-like text responses.

Cohere's product offerings include Command, a text generation module trained to answer business-related queries, and Embed, a contextual embedding model for extracting insights from unstructured data. The company also provides tools for content moderation, semantic search, and chatbots. Cohere differentiates itself by focusing on enterprise customers and emphasizing data privacy and security. Unlike some competitors, Cohere does not offer a consumer-facing chatbot, instead concentrating on providing AI solutions that can be integrated into businesses' existing systems.

The company has experienced rapid growth since its inception. As of March 2024, Cohere reported an annualized revenue of USD 35 million, up from USD 13 million the previous year. In June 2023, Cohere raised USD 270 million in a Series C funding round, and in July 2024, the company secured an additional USD 500 million in financing, valuing the company at USD 5.5 billion. Cohere has expanded its operations beyond Toronto, with offices in San Francisco, New York, and London.

Key customers and partnerships

Cohere has formed strategic partnerships with several major technology companies. In June 2023, Oracle announced a partnership with Cohere to develop generative AI services for organizations. The company also has partnerships with cloud providers, making its models available on multiple platforms including Amazon's SageMaker, Google Cloud, and Microsoft's Azure.

In February 2022, Cohere entered into a partnership with Google Cloud to use its supercomputing infrastructure. The company has also collaborated with Mila, the world's largest non-profit deep learning research institute, to expand research and accelerate accessibility to cutting-edge NLP tools. This partnership aims to develop the next generation of NLP toolkits and talent.