Cohere Reaches Initial Close for $5 Billion Funding Round at $25.5 Billion Valuation
Canada-based artificial intelligence laboratory Cohere has announced the initial close of its Series E funding round. The capital raise targets a total of $5 billion, which would value the company at approximately $25.5 billion. The funding round includes significant backing from Nvidia (NVDA). This massive influx of capital underscores the intense competition and high investor appetite within the generative AI sector as companies race to scale large language model capabilities.
Tickers: $NVDA
Topics: AI Series E Funding Venture Capital
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