Cohere Raises $500 Mn, Hires Meta’s Research Lead

Cohere Secures $500M and a Star Hire: Joelle Pineau From Meta Joins…

If you haven't heard of Cohere before, it is an AI company that targets only business clients and not the general public, unlike ChatGPT or Gemini. Cohere Inc. is currently making headlines for two major reasons you should know. First, Cohere got a massive cash boost of $500 million, and second, they made a super hire with Joelle Pineau, former VP of AI Research and global lead for Fundamental AI Research (FAIR) at Meta. Why are they important, …

Cohere secures $500m in oversubscribed funding round

Funding round pushing its valuation to $6.8b and welcomes new leadership for global expansion

Cohere raises $500m at $6.8bn valuation

Canadian AI startup Cohere has raised $500m in an oversubscribed funding round, achieving a valuation of $6.8bn.

Cohere remains Canada’s AI hope

On Thursday at 9:59 am ET, the week’s biggest Canadian tech story was domestic VC activity regressing to the COVID-19 lows of 2020.   Then the clock struck 10:00, and enterprise AI company Cohere announced it had raised another $500 million USD, co-led by Canadian firms Radical Ventures and Inovia Capital.  Cohere’s megaround underscores the chasm noted in Inovia’s State of Software report: AI companies seem insulated from the broader VC funding…

Cohere Raises $500 Mn, Hires Meta’s Research Lead

Enterprise AI startup Cohere announced last week that it has raised $500 million at a valuation of $6.8 billion, led by Radical Ventures, NVIDIA, Salesforce Ventures and others.  Moreover, the company announced that Joelle Pineau, Meta’s former VP of AI research and leader of the company’s Fundamental AI Research (FAIR) team, has now joined Cohere as the chief AI officer. Besides, the company has also announced a new chief financial officer and …