Deals
AI Firm Cohere Raises $270 Million With Oracle, Nvidia Backing
- Cohere is said to be valued at up to $2.2 billion in round
- Funding led by Inovia, joined by Salesforce Ventures, others
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Artificial intelligence startup Cohere has raised $270 million from a mix of venture capital and strategic investors including Oracle Corp. and Nvidia Corp., an executive said in an interview.
Toronto-based Cohere is valued in the round at $2.1 billion to $2.2 billion, according to a person familiar with the matter who asked not to be identified because it was private.