Cohere makes initial close of Series E round targeting up to $7 billion Canadian dollars
Cohere announced the initial close of a Series E round targeting up to $7 billion Canadian dollars (about $5 billion), in a post that rejects what it calls frontier fatalism. Bloomberg reported that the round values Cohere at $20.5 billion, and that the Canadian government has agreed to invest up to $1.14 billion.
NoteFor banks weighing where their models come from, Cohere's pitch is a platform that lets institutions own the AI they run on, the company says.
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