What’s going on at Cohere?

Toronto-based AI company Cohere has acquired Vancouver-based Ottogrid, a startup that develops enterprise tools to automate complex primary market research.

Ottogrid co-founder Sully Omar announced the deal Friday in an X post, according to TechCrunch, but did not disclose the terms of the agreement.

This acquisition aligns with Cohere’s recent pivot toward private AI deployments across key industries including healthcare, government, and financial services.

Details

Ottogrid specializes in building a “native table interface” designed to perform free-form, AI-powered document analysis for enterprise clients.

• The Ottogrid platform will be integrated into North, Cohere’s recently launched productivity application that supports document summarization and content engagement for knowledge workers.
• Cohere unveiled North in January 2025 as part of a broader brand relaunch, introducing new APIs, integrations, and productivity tools aimed at breaking down organizational silos.
• Despite missing its revenue target by 85% last year, Cohere has now surpassed $100 million in annualized revenue and is shifting to a more targeted, sector-specific strategy.

Executive quotes

Sully Omar, co-founder of Ottogrid, commented on the integration:

“I’m super excited to bring the Ottogrid team aboard and incorporate Ottogrid’s product directly into North. We’re bringing enterprises a new way to tackle research with smart tables, helping make employees’ day-to-day work...

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