Anthropic vs Cohere
Side-by-side equity comparison for employees weighing offers at Anthropic or Cohere. Valuations, funding history, headcount growth, and secondary-market context.
| Anthropic | Cohere | |
|---|---|---|
| Latest valuation | $380B | $7B |
| Latest round | Series E | Series D |
| Round date | January 2025 | January 2025 |
| Total raised | $13.7B | $970M |
| Founded | 2021 | 2019 |
| Headquarters | San Francisco, CA | Toronto, Canada |
| Employees | 5,306 | 846 |
| Employee YoY growth | +194% | +4% |
| Primary industry | Artificial Intelligence | Artificial Intelligence |
| Secondary-market price | $444.88 | $126.69 |
| Base-case equity multiple | 1x | 1x |
| Upside equity multiple | 1x | 2x |
| Lead investors | Google, Spark Capital | Nvidia, Oracle |
| Status | private | private |
Overview
Anthropic is an AI safety company that builds frontier AI systems, including the Claude family of large language models, with a focus on developing reliable, interpretable, and steerable AI.
Cohere builds enterprise-grade large language models and NLP tools that enable businesses to deploy generative AI for search, summarization, and conversational applications with a focus on data privacy and security.
Why we compare these
Anthropic and Cohere both appear on AI foundation model labs .
If you're evaluating offers at either one, the equity math depends on more than the headline valuation — dilution, strike price, time to liquidity, and concentration risk all matter. Use our equity compensation calculator and exit calculator to model your own numbers.