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Canada, Nvidia Back Cohere in Round at Over $20 Billion Value
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Canada, Nvidia Back Cohere in Round at Over $20 Billion Value Cohere Inc., an artificial intelligence model maker, is in the process of raising a large funding round at a $20.5 billion valuation, roughly tripling its value from a year ago. The Canadian startup said Thursday that it has completed the first close of a financing round that’s expected to total up to $5 billion. The company said it has received commitments from backers including the Government of Canada and Nvidia Corp., as well...
Canada, Nvidia Back Cohere in Round at Over $20 Billion Value
Cohere Inc., an artificial intelligence model maker, is in the process of raising a large funding round at a $20.5 billion valuation, roughly tripling its value from a year ago.
The Canadian startup said Thursday that it has completed the first close of a financing round that’s expected to total up to $5 billion. The company said it has received commitments from backers including the Government of Canada and Nvidia Corp., as well as a previously disclosed $600 million from the Schwarz Group, a large European retailer.