Artificial intelligence start-up Cohere has raised $500mn, and hired former executives from Uber and Meta, as it positions itself as a more secure alternative to rivals such as OpenAI and Anthropic for business customers.
The new funding round values the group, founded in 2019 by ex-Google scientists, at $6.8bn including the new cash, up from a $5.5bn valuation achieved last year.
The new investment was led by Radical Ventures and Inovia Capital, along with AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures, and others.
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