Cohere closes initial tranche of $5B Series E round at $25.5B valuation, backed by Nvidia.
Amount Raised
$5 Billion
Round Type
Series E
CanadaInformation TechnologyArtificial IntelligenceMachine LearningImage RecognitionInvestors
Description
Cohere, a Canada-based AI lab backed by Nvidia, has announced the initial close of its Series E funding round targeting $5 billion. The round values the company at $25.5 billion post-money. This funding will support Cohere's continued development of its AI technologies and platform. The company is one of the leading players in the generative AI space.
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