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Top related persons:
Cohere - 2 Aidan Gomez - 2 Manya Saini - 1 Shounak Dasgupta - 1 OpenAI - 1 Gomez - 1 Nick Frosst - 1 Jensen Huang - 1
Top related locs:
Bengaluru CoreWeave Cohere
Top related orgs:
Microsoft - 2 Nvidia - 2 Oracle - 2 Inovia Capital - 2 Schroders - 2 Thomvest Ventures - 2 Google - 2 Salesforce Ventures - 1

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2 mentions found


☆ AI startup Cohere raises $270 mln in Nvidia-backed funding round
  + stars: | 2023-06-08 | by ( ) www.reuters.com   time to read: +1 min
June 8 (Reuters) - Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, said on Thursday it had raised $270 million in a funding round backed by Nvidia (NVDA.O), Oracle (ORCL.N) and Salesforce Ventures, among others. Generative AI aims to make human-like creations through computer code that has processed vast amounts of data. Cohere did not reveal its valuation after the latest funding round. AI startups are a bright spot in an otherwise subdued market for venture capital funding, particularly for technology companies, amid rising interest rates and increased investor focus on profitability. Last month, Anthropic, another AI startup which has received backing from Alphabet Inc's (GOOGL.O) Google, also raised $450 million in a new round.
Persons: Cohere, Aidan Gomez, Manya Saini, Shounak Dasgupta Organizations: Microsoft, Nvidia, Oracle, Salesforce Ventures, Inovia Capital, Schroders, Thomvest Ventures, ChatGPT, Google, Thomson Locations: Bengaluru
☆ Nvidia invests in Google-linked generative A.I. startup Cohere
  + stars: | 2023-06-08 | by ( Natalie Rose Goldberg | ) www.cnbc.com   time to read: +4 min
Cohere, an enterprise-focused generative artificial intelligence startup, has raised $270 million in a Series C round of venture capital which includes AI giant Nvidia as an investor. In the new Cohere round, Oracle and Salesforce were also investors. Cohere is one of the companies that the new Salesforce Ventures generative AI fund is investing in. "We want to build that toolkit that's accessible to any dev," co-founder and CEO Aidan Gomez told CNBC in June 2022. Nvidia founder and CEO Jensen Huang expressed confidence in Cohere, saying in a press release announcing the funding, "The team at Cohere has made foundational contributions to generative AI.
Persons: OpenAI, Cohere, Aidan Gomez, Gomez, Nick Frosst, Jensen Huang, DTCP Organizations: Nvidia, Oracle, Microsoft, CNBC, Google, Google Research, Inovia Capital, Schroders, Thomvest Ventures, Ventures Locations: CoreWeave, Cohere
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