artificial intelligence company CohereWe informed you last June that it was preparing to receive an investment of 450 million dollars with a valuation of 5 billion dollars. we had transferred. Cohere officially announces its new investment announced. According to the information provided by Cohere, the startup is in the D series investment round. 500 million dollars investment took.
With the new investment of 500 million dollars, Cohere’s valuation increased to 5.5 billion dollars reached. As a reminder, Cohere last received an investment of $270 million in June 2023, at a valuation of $2.1 billion. The company has more than doubled its valuation in about a year.
$500 million D series investment round, based in Canada PSP Investments took place under his leadership. Among other participants of the investment: Cisco, Fujitsu, AMD Ventures, EDC, Nvidia ve Salesforce Ventures is also included.
With the new investment of 500 million dollars received, the total investment received by the Cohere initiative to date is 970 million dollars has reached. According to the information provided by Cohere, the investment received will be used to accelerate the growth of the company, expand its team and develop the next artificial intelligence technology.
in 2019 Aidan Gomez, Ivan Zhang ve Nick Frosst Founded in Toronto by Cohere, it focuses on artificial intelligence technologies. Essentially a rival to companies such as OpenAI and Google, Cohere develops large language models designed for corporate use.
Among the models offered by Cohere are Command R ve Command R+ It is located. These models developed by Cohere; It can provide services in English, French, Spanish, Italian, German, Portuguese, Japanese, Korean, Arabic and Chinese.
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