The problem
Regulated enterprises and governments need capable AI that runs inside their own secure environments
What they do
Enterprise LLMs and North agent platform deployed privately, incl. air-gapped
Traction ARR $240M in 2025, up from ~$62M (2024)
Hiring trend
- Open roles
- 116
- Ops roles
- 4
- Headcount
- ~1,200
~1,200 staff (Tracxn); 117 open roles
Hiring in
- Toronto
- New York
- Montréal
- Remote (Canada)
- Remote (Europe)
Funding
- Last round
- $600M ($500M + $100M ext.)
- Stage
- Series D
- Date
- Sep 2025
Led by Radical Ventures, Inovia
- Hiring+2116 open roles on the live job board (30+ roles = +2)
- Funding recency+1Series D · $600M ($500M + $100M ext.), Sep 2025 (13 months ago): 12–24 months = +0.5, $100M+ round +0.5
- Traction+1.5Strong growth: ARR $240M in 2025, up from ~$62M (2024)
- Red flags0None found in the last 24 months
- Total4.52 + 1 + 1.5 − 0 = 4.5 → Race (4.25–4.74)
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: hard to leave
$240M ARR, but Anthropic, OpenAI and Google hold 88% of enterprise model spend.
Sources: Techlantis: Cohere launches North 2 (Oct 2026) ↗ · Menlo Ventures: 2025 State of Generative AI in the Enterprise ↗
Last checked Oct 25, 2026