About Reliant AI
Reliant AI is a Healthcare company based in Montreal (Canada) founded in 2023 by Richard Schlegel and Karl Moritz Hermann, and was acquired by Cohere in May 2026. GenAI-powered analytics software is provided for biopharma secondary research. Reliant AI has raised $11.3 million across 1 funding round from investors including Cohere, Tola Capital and Inovia Capital. Its chief executive, as recorded, is Karl Moritz Hermann. Reliant AI offers products and services including Reliant Tabular. Its focus areas include HealthTech, Life Sciences Tech, Data Analysis Platforms and Life Sciences. Its legal entity is Reliant AI Inc.
Company details
Reliant AI was founded in 2023 in Montreal, Canada, as a provider of generative AI-driven data analytics software focused on biopharma. The sector involves secondary research acceleration through its flagship product, Reliant Tabular, by which scientific evidence is identified for decision-making and data processing time is reduced. Public and private databases are searched, drugs and trials are segmented, and findings are supported via linked answers.
- Headquarters Montreal, Canada
- Founders Richard Schlegel, Karl Moritz Hermann
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website reliant.ai
- Social LinkedIn X
- Acquired by Cohere (May 2026)
- Legal Name Reliant Ai Inc.
Products & Services of Reliant AI
Reliant AI offers a comprehensive portfolio of products and services, including Reliant Tabular.
Tool for data manipulation and verification in life sciences research
Funding Insights of Reliant AI
Reliant AI has successfully raised a total of $11.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $11.3 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.3M
- Total Rounds 1
- Last Round Seed — $11.3M
- First Round $11.3M
(Aug 2024)
- Investors Count 3
All 1 funding rounds of Reliant AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2024 | $11.3M | Seed | – | Tola Capital, Inovia Capital |
4 investors in total: 3 institutional and 1 angel.
Investors in Reliant AI
Reliant AI has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cohere, Tola Capital and Inovia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early & Growth stage Tech-focused venture capital firm funding companies in the US, Canada & Europe | tolacapital.com | Seattle, United States | ||
Investments are made in early-stage technology companies by Inovia Capital. | inovia.vc | Montreal, Canada | ||
Text data analytics platform powered by AI for enterprises. | 2019 | cohere.com | Toronto, Canada | |
MV Mike Volpi | Partner at Index Ventures, active angel investor, ex-Cisco executive | unknown_a4ae939b5b3d4d459 |
Investor details for Reliant AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Reliant AI
2 people are tracked at Reliant AI (2 in leadership).
| Name | Role | Group |
|---|---|---|
Richard Schlegel | Co-Founder | Leadership |
Karl Moritz Hermann | Co-Founder & CEO | Leadership |
Complete people profiles for Reliant AI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Timeline of Reliant AI
3 dated milestones of Reliant AI across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Reliant AI is founded.
- Funding First funding round of $11.3M.
- Exit Acquired by Cohere.
Web traffic of Reliant AI
The website of Reliant AI (reliant.ai) receives about 6.1K visits a month.
- Monthly visits6.1K
▼ 8.3% vs previous month
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Frequently Asked Questions about Reliant AI
Reliant AI was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Reliant AI is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Karl Moritz Hermann is the CEO of Reliant AI, as recorded in our data. They have also founded this company.
Reliant AI is a funded company, having raised a total of $11.3M across 1 funding round to date. The company's 1st funding round was a Seed of $11.3M, raised on Aug 2024.
Reliant AI was founded in 2023 in Montreal, Canada, as a provider of generative AI-driven data analytics software focused on biopharma. The sector involves secondary research acceleration through its flagship product, Reliant Tabular, by which scientific evidence is identified for decision-making and data processing time is reduced. Public and private databases are searched, drugs and trials are segmented, and findings are supported via linked answers.
Reliant AI offers Reliant Tabular.
Reliant AI has 4 investors. Key investors include Cohere, Tola Capital, Inovia Capital, and Mike Volpi.
Reliant AI operates through Reliant Ai Inc..
Yes. Reliant AI was acquired by Cohere in May 2026.