Cohere secures $270M in funding from Nvidia, Oracle, and others for generative AI development.
TL;DR Summary
Cohere, an enterprise-focused generative AI startup, has raised $270 million in a Series C round of venture capital which includes AI giant Nvidia as an investor. The round was also backed by Oracle and Salesforce. Cohere makes AI tools that can power copywriting, search and summarization, and it sees an opportunity to grow in the market and differentiate itself from OpenAI by focusing on enterprise concerns about proprietary data being fed into large language models.
- Nvidia invests in Google-linked generative A.I. startup Cohere CNBC
- AI startup Cohere raises $270 million in Nvidia-backed funding round Yahoo Finance
- AI Startup Cohere Raises $270 Million in Round Backed by Oracle, Nvidia Bloomberg
- OpenAI rival Cohere raises a fresh $270 million to bring generative AI to the enterprise VentureBeat
- Cohere Raises $270M in Series C Funding FinSMEs
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