AI Startup Cohere Nears Deal to Raise Funds at $5 Billion Valuation
Cohere is in talks with investors to raise $500 million or more in fresh financing.
Aidan Gomez, co-founder and chief executive officer of Cohere Inc.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Artificial intelligence startup Cohere Inc. is in late-stage discussions to clinch a fresh round of funding that would raise the valuation of the company to $5 billion.
Cohere is talking with investors about raising $500 million or more, according to a person familiar with the matter who asked not to be identified because the information is private.