Nvidia-Backed Cohere Hits $7 Billion in AI Funding Surge

- Cohere secures $100 million in fresh funding, raising its valuation to $7 billion. - The company specializes in business-focused AI and competes with OpenAI and Anthropic. According to Cryptopolitan on September 24, 2025, the Nvidia-backed AI startup Cohere secured $100 million in fresh funding. This investment, part of a larger $500 million round, raises its valuation to $7 billion amid intensifying global competition and aims to bolster Cohere’s position in the increasingly crowded AI landscape. Founded in 2019, Cohere develops enterprise-oriented AI models for business applications. The company is emerging as a key competitor to industry giants like OpenAI and Anthropic and collaborates with major partners, including Oracle, Dell Technologies Inc., McKinsey & Co., and the Royal Bank of Canada. The company will use the new capital to accelerate its AI technology development and expand its reach across government and private sectors. This announcement arrives alongside broader industry movements, such as Nvidia's recent $100 billion deal with OpenAI following last-minute negotiations. These simultaneous investments highlight Nvidia’s expanding role in shaping the AI sector while also showing the escalating competition among its backed ventures, such as Cohere. Cohere has reported impressive growth, doubling its revenue over the past year. In addition, the company employs approximately 450 people across seven global offices and has raised a total of $1.6 billion in funding to date. With these achievements, Cohere firmly positions itself as one of Canada’s largest and fastest-growing startups, signaling its deepening footprint in the AI market.