Josh Gartner, Cohere's head of communications, stated that the new funding positions the company for "accelerated growth." He highlighted Cohere's focus on developing the next generation of enterprise AI with an emphasis on accuracy and data privacy.
According to Reuters, Cohere was seeking to raise $500 million to $1 billion. Nvidia and Salesforce Ventures, along with other major players, participated in the funding round, supporting Cohere's expansion.
Cohere, founded in 2019 by former Google researchers, aims to deliver enterprise AI solutions. Unlike competitors focusing on consumer products, Cohere develops customized AI models for businesses.
Collection
[
|
...
]