Cohere raises $450M from Nvidia, Salesforce and Cisco
The enterprise AI company is targeting a second-half 2026 IPO after securing backing from three of the industry's biggest strategic investors.
EBElena Brandt
Published 7 Jul 2026, 03:12Updated 21 Jul 2026, 09:161 min read
- ▸Cohere raised $450 million from investors including Nvidia, Salesforce and Cisco
- ▸The company is targeting an IPO in the second half of 2026
- ▸The strategic investor lineup signals enterprise infrastructure players betting directly on Cohere's model business
- ▸The raise positions Cohere among the more heavily capitalized enterprise-focused AI labs heading into a public listing
Strategic money, not just financial money
Backing from Nvidia, Salesforce and Cisco specifically — rather than generalist venture funds — suggests each investor sees a direct product or platform tie-in with Cohere, not just a financial return on a hot sector.
Source: AI Funding Tracker
