From left, Cohere co-founder Nick Frosst, former president Martin Kon, and CEO Aidan Gomez, in April, 2023. Mr. Kon announced he was stepping down as president on Thursday.

Cohere Inc. president Martin Kon is stepping down from his role after nearly three years in the position, according to the company.

The change follows a substantial fundraising round and other executive shuffles at the Toronto-based artificial-intelligence company.

Mr. Kon joined Cohere as president and chief operating officer in February, 2023, from YouTube, where he served as chief financial officer. He will remain on Cohere’s board of directors and move into an advisory role.

“Martin continues to be a key member of the Cohere team,” spokesperson Josh Gartner said in a statement.

Cohere announced a US$500-mill

See Full Page