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Canadian AI company Cohere raises US$270-million from Inovia, NVIDIA, Oracle and Salesforce Ventures

Cohere’s president says the range of companies involved in the funding deal shows interest in artificial intelligence technology

White houseDistrict of columbiaUnited statesNew yorkGeoffrey hintonNick frosstAidan gomezDeutsche telekomPeter thomsonIvan zhangSam altmanSteve woodsMartin konEuropean unionOracle corpMicrosoft corp

AI startup Cohere, now valued at over $2 1B, raises $270M

Cohere, a generative AI startup with ties to Google, has raised $270 million in a round that values the company at over $2.1 billion.

Nick frosstMartin konIvan zhangAmazon web servicesAll you needSalesforce venturesMirae assetSchroders capitalThomvest ventures

Cohere: 2023 CNBC Disruptor 50

Cohere offers generative AI that lets developers and businesses of all sizes integrate machine learning into their own mobile apps and service platforms.

City ofUnited kingdomMartin konAmazon sagemakerArtificial intelligenceGenerative aiExclude from automated curationAlphabet incAlphabet class cBusiness news

Cohere raising up to $250-million in Inovia-led deal valuing OpenAI rival at $2-billion

Cohere has been in discussions with chip maker Nvidia Corp. and investment firms about securing funds, according to two sources familiar with the matter

San franciscoUnited statesEd grefenstetteNicholas frosstIvan zhangMartin konAidan gomezElon muskSteven woodsJohn somorjaiPhil blunsomGeoffrey hintonPeterj thomsonMicrosoft corpAlphabet incTiger global management

Executives want generative AI, but are taking it slow An army of providers has lined up to help

Vendors are lining up to help enterprise companies adopt generative AI and tackle issues around data security and risk.

Rohit guptaDrayton wadeMohamed kandeMartin konBain companySan franciscoToronto based cohereCreate real magic

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