Cohere is an enterprise AI company that builds large language models and multilingual generative AI systems for businesses. It emphasizes secure, private, customizable deployments for regulated industries and enterprise customers.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Funding
Not disclosed
No priced round reported by two reputable outlets
Valuation
Not confirmed
Not confirmed by two independent reputable sources
How to Invest in Cohere Through UpMarket
Cohere shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Cohere offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Cohere Revenue and Growth
Annual revenue
Why Investors Are Watching Cohere
Growth Signal
Cohere raised $90M Series C to expand AI clinical platform
Cohere Health said it raised $90 million in Series C funding led by Temasek, bringing total funding to $200 million. CEO Siva Namasivayam said the capital will expand its UM expertise into new use cases and scale operations.
Competitive Moat
Flare Capital cites 93% provider satisfaction and category lead
Flare Capital said Cohere achieved a 93% provider satisfaction rating and had dominated the prior-authorization category. It described Cohere as the pioneer of the clinical intelligence category, built to reimagine prior authorization from the ground up.
Market Opportunity
Cohere eyes broader enterprise AI demand and $240M ARR
An investor memo cited in reports said Cohere reached about $240 million in annual recurring revenue and exceeded its $200 million target. The company also reported more than 50% quarter-over-quarter growth throughout 2025, signaling strong demand in regulated enterprise sectors.
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No. As of March 2026, Cohere is a private company and does not trade on any public stock exchange. Accredited investors can access Cohere shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Cohere does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Cohere shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Cohere shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
Cohere is an enterprise AI company that builds large language models and multilingual generative AI systems for businesses. UpMarket has not confirmed a valuation from two independent reputable sources.