The news follows recent funding successes for other AI and LLM companies. AI21 Labs raised $155 million in Series C funding, valuing the company at $1.4 billion, and plans to use the funds to develop generative AI services for businesses. Additionally, AI startup Hugging Face raised $235 million in a Series D funding round at a $4.5 billion valuation.
Key takeaways:
- AI startup Cohere is reportedly seeking a new round of funding, aiming for a valuation higher than the $2.2 billion it achieved in June.
- Cohere specializes in building large language models (LLMs) that analyze and generate text, which can be customized for various applications such as summarizing customer emails or assisting in writing website copy.
- AI and LLM company AI21 Labs recently raised $155 million in Series C funding, bringing its total raised to $283 million and valuing the company at $1.4 billion.
- AI startup Hugging Face has raised $235 million in a Series D funding round at a $4.5 billion valuation, and its platform enables developers to share code, models, and datasets.