AI Startup Cohere Taps JPMorgan, Goldman Sachs for Next Fundraising Round
Aug 31, 2023 - bloomberg.com
Artificial intelligence startup Cohere is planning to raise a new round of financing with the help of JPMorgan Chase & Co. and Goldman Sachs Group Inc. The Toronto-based company, which is backed by investors such as Oracle Corp. and Nvidia Corp., is seeking additional funding just a few months after its previous round.
The specifics of the potential financing round are currently private. Cohere's move to secure more funding comes amidst a surge in investments in AI firms.
Key takeaways:
Artificial intelligence startup Cohere is planning to raise a new round of financing.
The company is backed by investors including Oracle Corp. and Nvidia Corp.
Cohere is being advised by JPMorgan Chase & Co. and Goldman Sachs Group Inc. on the potential round.
The fundraising comes just a few months after Cohere's last financing round.
