Existing investors Toronto-headquartered Radical Ventures, Index Ventures and Section 32 also contributed to the round. Clients use Cohere’s natural-language processing (NLP) models to power products and functions like chatbots and search. (The Logic)

Talking point: Founded by former Google Brain researchers in 2019, Cohere only launched publicly in May 2021. It announced a US$40-million Series A that September, and says its workforce has since doubled; the firm now has 60 employees, per LinkedIn data. Also on Tuesday, Cohere announced it added former Apple executive Bill MacCartney to lead a new office in Palo Alto, Calif. The startup’s technology could let more companies build products on top of the kind of language models previously available only to tech giants. NLP firms raised more than US$3 billion in the first three quarters of 2021, according to PitchBook data. Cohere is at least the 11th Canadian company that Tiger has added to its portfolio over the last year, as the crossover firm brings its aggressive and fast investing style to this country’s booming tech ecosystems. In May 2021, the New York-based fund backed Toronto chatbot firm Ada, which has tested Cohere’s technology.