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Cohere Acquires Ottogrid, Boosts AI Revenue to $100M

5/17/2025

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Summary

Story summary

AI startup Cohere has made a strategic move by acquiring Vancouver's Ottogrid, known for its market research automation. While Ottogrid will phase out its product, it promises support for its customers during the transition. This acquisition aims to bolster Cohere's North application, streamlining workflow automation, as the company celebrates a significant leap to $100 million in annualized revenue.

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Story summary

AI startup Cohere has made a strategic move by acquiring Vancouver's Ottogrid, known for its market research automation. While Ottogrid will phase out its product, it promises support for its customers during the transition. This acquisition aims to bolster Cohere's North application, streamlining workflow automation, as the company celebrates a significant leap to $100 million in annualized revenue.