AI Startup Cohere Valued at $5.5 Billion In New Funding Round
Jul 23, 2024 - news.bensbites.com
Artificial intelligence startup Cohere Inc. has become one of the world's most valuable AI companies and one of the largest startups in Canada. Unlike its Silicon Valley counterparts, Cohere is not known for being flashy and does not have a consumer app that writes poems, draws pictures, or assists with homework.
In a recent funding round, Cohere was valued at $5.5 billion, propelling it to the top tier of global startups. This valuation was achieved without the company having a consumer-facing product, setting it apart from many of its competitors.
Key takeaways:
Artificial intelligence startup Cohere Inc. is now one of the world’s most valuable AI companies and one of the largest startups in Canada.
Unlike some of its Silicon Valley competitors, Cohere is not particularly flashy.
In a new funding round, Cohere was valued at $5.5 billion, making it one of the top global startups.
Cohere achieved this status without a consumer app that writes poems, draws pictures or helps with homework.
