Cohere raised $450M from corporate investors including Salesforce, Nvidia, and Cisco at $5B valuation for AI models development.

Jun 04, 2024•over 1 year ago

Amount Raised

$450 Million

TorontoSoftware

Investors

Psp InvestmentsCiscoSalesforce VenturesNvidia

Description

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 Information

Company

Cohere

Location

Toronto, Ontario, Canada

About

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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