Cohere announced a $500 million funding round, raising its valuation to $6.8 billion. The company is known for its secure large language models (LLMs) catering to enterprises. It has established partnerships with significant tech firms such as Oracle and Dell. Cohere recently appointed Joelle Pineau, formerly of Meta, as its chief AI officer, and hired Francois Chadwick as CFO. This round was led by Radical Ventures and Inovia Capital, along with participation from existing investors including AMD Ventures and Nvidia.
Cohere has raised an oversubscribed $500 million funding round, increasing its valuation to $6.8 billion, up from $5.5 billion just over a year ago.
The company focuses on secure large language models (LLMs) designed specifically for enterprise use, distinguishing its offerings from consumer-focused AI models.
Cohere has partnered with major enterprise tech names including Oracle, Dell, and SAP, emphasizing its position in the security-first enterprise AI sector.
Cohere has attracted top AI talent, appointing Joelle Pineau as chief AI officer and hiring Francois Chadwick as CFO, enhancing its leadership team.
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