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Canadian AI startup Cohere is taking over Germany-based Aleph Alpha with support from Schwarz Group (parent company of grocery chain Lidl). With the blessing of their governments, the companies intend to offer a sovereign alternative to enterprises in an AI landscape dominated by American players. As companies that develop large language models, Aleph Alpha and…
As the top AI labs like Google, Anthropic, and OpenAI chase enterprise adoption, Canadian AI startup Cohere has been quietly cleaning up. The startup told investors in a memo that it surpassed its $200 million annual recurring revenue target in 2025, hitting $240 million with quarter-over-quarter growth of more than 50% throughout the year, per…
Cohere on Thursday announced that it had raised an oversubscribed $500 million round, bringing its valuation to $6.8 billion. This is up from the $5.5 billion valuation it landed a little over a year ago when it raised its previous round, also $500 million. Toronto-headquartered Cohere was one of the first breakout LLM model makers,…
AI startup Cohere has acquired Ottogrid, a Vancouver-based platform that develops enterprise tools for automating certain kinds of high-level market research. Sully Omar, one of the founders of Ottogrid, announced the deal Friday in a post on X. He didn’t disclose the terms. Ottogrid will sunset its product, according to Omar, but will give customers…
Aidan Gomez, the co-founder and CEO of generative AI startup Cohere, has joined the board of EV maker Rivian, according to a regulatory filing. The appointment is the latest sign that Rivian sees promises in applying AI to its own venture while positioning itself as a software leader — and even provider — within the…
Companies spent significantly more lobbying AI issues at the U.S. federal level last year compared to 2023 amid regulatory uncertainty. According to data compiled by OpenSecrets, 648 companies spent on AI lobbying in 2024 versus 458 in 2023, representing a 141% year-over-year increase. Companies like Microsoft supported legislation such as the CREATE AI Act, which…
Nick Frosst, the co-founder of $5.5 billion Canadian AI startup Cohere, has been a musician his whole life. He told TechCrunch that once he started singing, he never shut up. That’s still true today. In addition to his full-time job at Cohere, Frosst is also the front man of Good Kid, an indie rock band…