NeuralStackCohere announced an 800 million dollar Series E on July 23 2026 at an 8.5 billion dollar post-money valuation. Inovia Capital and Tiger Global co-led the round. Existing backers including Salesforce Ventures and NVIDIA also participated.
The Toronto-based company will use proceeds to open new data centers in Frankfurt and Singapore by December 2026. Command R+ currently processes 45 million tokens daily for enterprise customers.
Cohere was founded in 2019 and reached 150 million dollars in annual recurring revenue by June 2026. The firm focuses exclusively on enterprise language models with strong data residency controls.
Previous funding included a 500 million dollar Series D in March 2025 at 5.2 billion valuation.
Why this matters
The round signals continued investor appetite for specialized enterprise AI vendors despite broader market caution. Cohere's focus on private deployment differentiates it from consumer-facing model providers.
European regulators are watching the expansion closely as data localization requirements tighten under the EU AI Act effective August 2026.
Cohere plans to launch a fine-tuning marketplace for Command R+ in September 2026.