Cohere launched Parse 5, a document intelligence model for high-volume enterprise RAG and document agents scoring 79.2 on ParseBench (beating Mistral OCR 4 and Azure) priced at $1.50 per 1,000 pages.

Key Takeaways

  • ✓Outperforms Mistral OCR 4 (74.5) and Azure Document Intelligence (74.3) with a 79.2 score on ParseBench;
  • ✓Priced up to 95% below frontier vision models and 63% below Mistral at $1.50 per 1,000 pages;
  • ✓Delivers machine-readable structured bounding boxes across Cohere API, AWS SageMaker, and Microsoft Foundry.