Cohere launched Parse 5 for enterprise document parsing, delivering bounding boxes, table structures, and semantic layouts with a 79.2 ParseBench score at an industry-leading $1.50 per 1,000 pages.

Key Takeaways

  • ✓Specialized document parsing layer cuts token costs by up to 95% compared to multi-modal frontier LLMs;
  • ✓Engineered specifically for agent pipelines with high-fidelity table hierarchies, bounding boxes, and metadata;
  • ✓Available across Cohere API, AWS SageMaker, Azure Foundry, and an interactive Hugging Face Space.