Canadian A.I. Startup Cohere Reaches $7B Valuation After Raising Another $100M

Cohere hits $7B valuation a month after its last raise, partners with AMD

A fresh $100 million and an interesting partnership with AMD has slightly bumped Cohere's valuation up.

Canadian A.I. Startup Cohere Reaches $7B Valuation After Raising Another $100M

Cohere secures $100 million from BDC and Nexxus Capital, lifting its valuation to $7 billion as it expands enterprise A.I. products for business and government.

Cohere Hits $7B Valuation a Month After Its Last Raise, Partners with AMD

Enterprise AI model maker Cohere announced on Wednesday that it has raised an additional $100 million in funding, bringing its valuation to $7 billion. This new capital is an extension of a successful $500 million round announced in August, which had valued the company at $6.8 billion. The financing was supported by new investors, including the Business Development Bank of Canada (BDC) and Nexxus Capital Management, which is known for its Singap…

AI Firm Cohere Valued at $7 Billion After Raising $100 Million

Artificial intelligence (AI) startup Cohere announced it is now a $7 billion company after raising $100 million in new funding.

Cohere’s valuation hits $7 billion USD following $100-million round extension

Toronto-based artificial intelligence (AI) scaleup Cohere has raised $100 million USD in new funding that has bumped its valuation up to $7 billion USD.  “Cohere is a leader in the generative AI space, which is key for our Canadian businesses to make significant productivity gains and for BDC as a development bank.” Geneviève Bouthillier,BDC The financing comes through a second close of the $500 million USD round Cohere raised at a $6.8 billion…