Cohere hits $7B valuation a month after its last raise, partners with AMD (techcrunch.com)

Cohere announced a $100 million extension to its August financing, lifting its valuation to $7 billion. The round adds Business Development Bank of Canada and Nexxus Capital as investors and comes as Cohere continues to market itself to enterprises prioritizing AI sovereignty and on-premise control. Founded in 2019 by Aidan Gomez (a co-author of the Transformer paper), Cohere has long targeted enterprise deployments rather than consumer-facing scale that has propelled rivals like OpenAI and Anthropic to much larger valuations. Strategically, Cohere also unveiled a partnership with AMD: its full Command model family (vision, translate, reasoning) can now run on AMD’s Instinct GPUs, and AMD will become a customer. This broadens hardware choices beyond Nvidia and signals a push to reduce vendor lock-in for enterprise customers that need local or sovereign AI deployments. Cohere says it will continue to support Nvidia GPUs as well. For the AI/ML community this matters because wider GPU support affects model portability, deployment cost and supply-chain diversity, and could spur optimization work (framework/driver integration and kernel-level tuning) to make large models run efficiently across both AMD and Nvidia stacks.