COHERE RAISES $500M AT $6.8B VALUATION

Summary from the TLDR Founders newsletter

Cohere secured $500 million in an oversubscribed round led by Radical Ventures and Inovia Capital, propelled to a $6.8 billion valuation. The company added Joelle Pineau (former Meta AI research lead) as Chief AI Officer and Francois Chadwick (ex-Uber) as CFO. Cohere will invest in agentic AI tools like North, designed to automate enterprise workflows, while maintaining a security-first, on-premises deployment approach.