Canadian OpenAI competitor Cohere has raised $270 million from Nvidia, Oracle and other investors. The company’s valuation exceeded $2 billion. Its founders include a former Google employee, and the company is run by a former YouTube senior manager.
Cohere develops technologies in the field of artificial intelligence (AI). The company was founded in 2019.
With the new round, the company’s total investment reached approximately $445 million, Martin Kohn, Cohere’s president and chief operating officer, told Bloomberg.
- In April 2019, ChatGPT developer OpenAI raised over $300 million in investment from Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, K2 Global and others at a valuation of $27-29 billion.
Author:
karina pardaeva
Source: RB
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