Cohere Extends Round to $7B Valuation, Deepens AMD Partnership


Cohere Extends Round to $7B Valuation, Deepens AMD Partnership

📅 - Cohere, the Toronto-based enterprise artificial intelligence developer, has expanded its most recent funding round and announced a strategic partnership that highlights the shifting dynamics in the AI infrastructure market. The company revealed that it has raised an additional $100 million, extending an oversubscribed $500 million round closed in August, and bringing its valuation to $7 billion.

New investors include the Business Development Bank of Canada and Nexxus Capital Management, which is notable for its presence in Singapore.

The financing underscores continued appetite for enterprise-focused AI providers, even as industry valuations soar to unprecedented levels. Cohere's [...][... Check source for end of article ...]
Tags: AI

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