Reported 4 months ago
Canadian AI startup Cohere has raised $450 million in funding from investors like Nvidia, Salesforce Ventures, Cisco, and PSP Investments. Cohere is in talks to raise more in the same round at a $5 billion valuation. The company saw a significant increase in annual revenue and has competition from other AI companies like OpenAI and Anthropic. Cohere, based in Toronto, builds large language models and is set to benefit from Canadian government investments in AI research.
Source: YAHOO