Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down | TechCrunch
News Source : TechCrunch
News Summary
- co-founder Aidan Gomez was one of the authors of the “Attention Is All You Need’ paper that became the foundation of modern AI.
- Cohere has been a sleeper entrant in the AI model wars of late, dominated by OpenAI, Anthropic, and Meta.
- Its market proposition has always been to offer secure LLMs specifically geared for enterprise use, not for consumers.
- It just nabbed long-time Meta research head Joelle Pineau to be its chief AI officer.
Cohere on Thursday announced that it had raised an oversubscribed $500 million round, bringing its valuation to $6.8 billion. This is up from the $5.5 billion valuation it landed a little over a year [+1991 chars]
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