Cohere Secures $270M in Series C Funding to Empower Enterprises with Generative AI
Cohere, the leading AI platform for enterprise, has secured $270M in new capital as part of its Series C financing for empowering generative AI. Led by Inovia Capital, the round was joined by a diverse group of global institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and returning investor Index Ventures. This investment brings together investors from the USA, Canada, Korea, the UK, and Germany, and includes some of the most respected technology companies in the world.
Revolutionizing Business with Generative AI
The leading AI platform is revolutionizing business with its generative AI capabilities. Aidan Gomez is the founder of Cohere, a company that has garnered support from NVIDIA. The platform provides data-secure deployment options, customization services, and robust customer support. In addition, with an ecosystem of consulting and system integrator partners, Cohere is helping enterprises at any stage in their AI journey to automate and accelerate their operations. Cohere is the perfect choice for businesses looking to leverage the power of AI to succeed in the next decade.
Transforming Products and Driving Innovation with Cohere’s Platform
The platform is an enterprise AI suite that offers cloud-agnostic flexibility and data privacy. The platform’s design allows for availability on any cloud provider, enabling deployment within a customer’s cloud environment, VPC, or on-site. This allows businesses to transform existing products and build the next generation of innovative solutions while keeping their data secure. Inovia Capital is excited to partner with Cohere in their mission to bring transformative change to society.
Cohere Secures Funding from Deutsche Telekom Capital Partners
Cohere, a leader in Generative AI and Language Modeling technology, secures new funding from Deutsche Telekom Capital Partners. This investment will help Cohere advance its industry-leading technology and expand its reach to the enterprise market. In addition, Stanford’s language model evaluation ranks Cohere’s Command model highly in terms of accuracy. Moreover, the company has released the first-ever publicly available multilingual understanding model trained on authentic data from native speakers. With this new funding, Cohere is well-prepared to bring its innovative technology to enterprises worldwide and catalyze a revolution in customer experiences.
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Filed under: Bitcoin - @ June 10, 2023 4:00 am