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Nvidia, Salesforce double down on Canadian AI startup Cohere in $450-million funding round: source https://t.co/0MY1QN3FzY https://t.co/26WiDibl9V
Source: Canadian AI startup Cohere has raised $450M from Nvidia, Salesforce, Cisco, and others and is looking to raise more in the same round at a $5B valuation (@readkrystalhu / Reuters) https://t.co/pOiXNCYkuX š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/72hn4NDgFA
Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says https://t.co/T24dxE7jE0 https://t.co/ZiLoo19vez
Canadian AI startup Cohere has raised $450 million in a funding round, with significant contributions from returning investors Nvidia and Salesforce, who are doubling down on their investments, as well as new investors Cisco and Canadian pension fund PSP Investments. The funding round values Cohere at $5 billion. Cohere's annual recurring revenue (ARR) has surged from $13 million to $35 million in the past year. The company focuses on enterprise AI models and data privacy. Cohere is looking to raise more in the same round.