Cohere, the leading AI platform for enterprise, today announced $270M in new capital as part of its Series C financing. Inovia Capital led the round, with additional participation from a diverse group of global institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and returning investor Index Ventures. This group represents investors from the USA, Canada, Korea, the UK, and Germany, and includes some of the most respected technology companies in the world.
“AI will be the heart that powers the next decade of business success,” said Aidan Gomez, CEO and co-founder, Cohere. “As the early excitement about generative AI shifts toward ways to accelerate businesses, companies are looking to Cohere to position them for success in a new era of technology. The next phase of AI products and services will revolutionize business, and we are ready to lead the way.”
“We are at the beginning of a new era driven by accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. “The team at Cohere has made foundational contributions to generative AI. Their service will help enterprises around the world harness these capabilities to automate and accelerate.”
Cohere’s AI platform is uniquely designed for enterprises, offering data-secure deployment options in companies’ existing cloud environments, customization, and customer support. This includes an ecosystem of consulting and system integrator partners to help enterprises at any stage in their AI journey.