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Cohere raised $450M from corporate investors including Salesforce, Nvidia, and Cisco at $5B valuation for AI models development.
Cohere raised $450M from corporate investors including Salesforce, Nvidia, and Cisco at $5B valuation for AI models development.
06/04/24, 5:38 PM
Location
torontoMoney raised
$450 million
Industry
other
data and analytics
software
artificial intelligence
financial services
Investors
Psp Investments, Cisco, Salesforce Ventures, Nvidia
Toronto-based Cohere secured a $450 million investment from corporate investors, including Nvidia, Salesforce Ventures, and Cisco, at a valuation of $5 billion. This investment marks a significant increase from Cohere's previous valuation and is expected to be the first tranche in the funding round, as the company continues its fundraising efforts.
Company Info
Location
toronto, ontario, canada
Additional Info
Cohere is the leading AI platform for enterprise. Our world-class AI is uniquely suited to the needs of business, unlocking unprecedented ease-of-use, accessibility, and data privacy. Cohere’s platform is cloud-agnostic, accessible through API as a managed service, and can be deployed on virtual private cloud (VPC) or even on-site to meet companies where their data is, offering the highest levels of flexibility and control.
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