AI Startup Cohere Valued at $5.5 Billion in New Funding Round
The Canadian AI unicorn doesn't have a viral chatbot, but it’s signed on hundreds of corporate clients.
Cohere co-founders Ivan Zhang, from left, Aidan Gomez and Nick Frosst.
Source: Cohere Inc.
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Artificial intelligence startup Cohere Inc. is now one of the world’s most valuable artificial intelligence companies, and one of the largest startups in Canada — but unlike some of its Silicon Valley competitors, it’s not particularly flashy.
In a new funding round, Cohere was valued at $5.5 billion, vaulting it to the upper echelons of global startups. It landed there without a consumer app that writes poems, draws pictures or helps with homework.