Founded by Google Brain alumni and a co-author of the seminal Transformer research paper, Cohere is on a mission to transform enterprises and their products with AI that unlocks a more intuitive way to generate, search, and summarize information than ever before. Cohere’s platform is cloud-agnostic, accessible through API as a managed service, and can be deployed on virtual private cloud (VPC) or even on-site to meet companies where their data is, offering the highest levels of flexibility and control. Its world-class AI is uniquely suited to the needs of business, unlocking unprecedented ease-of-use, accessibility, and data privacy. To learn more about Cohere and its growing team, visit .Ĭohere is the leading AI platform for enterprise.
“Our unique fund structure and relationships allows us to gather a coalition of global institutional and strategic investors including Deutsche Telekom to accelerate Cohere's vision to bring this technology to enterprises worldwide." “Cohere has a rare combination of top-tier talent, the most innovative technology and is best positioned to seize the global enterprise market opportunity for Generative AI and LLMs,” said Lance Matthews, Managing Director, DTCP. Meanwhile, Cohere recently released the first-ever publicly available multilingual understanding model trained on authentic data from native speakers it’s equipped to read and understand over 100 of the world’s most commonly spoken languages. As Cohere continues to advance its industry-leading technology, Stanford’s most recent language model evaluation has also ranked Cohere’s Command model highly in accuracy over comparable models. Today’s news comes on the heels of Cohere’s momentum in several areas: a recent announcement to collaborate with Salesforce Ventures to advance generative AI to realize business value an engagement with LivePerson to supercharge customer experiences and a host of additional demand and interest from the enterprise market. This is obviously one such opportunity and we are thrilled to partner with Cohere to be a part of it.” “Very few ideas can fundamentally change society and add more value to humankind. “Our entire raison d’être is to invest in great entrepreneurs who have great worldwide mission and ambitions,” said Steve Woods, CTO and Partner, Inovia Capital. This empowers businesses to transform existing products and build the next era-defining generation of innovative solutions all while keeping their data secure.
The platform is built to be available on every cloud provider, deployed inside a customers’ existing cloud environment, virtual private cloud (VPC), or even on-site, to meet companies where their data is. This includes an ecosystem of consulting and system integrator partners to help enterprises at any stage in their AI journey.Ĭohere’s enterprise AI suite is cloud-agnostic, offering the highest levels of flexibility and data privacy. Their service will help enterprises around the world harness these capabilities to automate and accelerate.”Ĭohere’s AI platform is uniquely designed for enterprises, offering data-secure deployment options in companies’ existing cloud environments, customization, and customer support. “The team at Cohere has made foundational contributions to generative AI. “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 next phase of AI products and services will revolutionize business, and we are ready to lead the way.” “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. “AI will be the heart that powers the next decade of business success,” said Aidan Gomez, CEO and co-founder, Cohere. 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. 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.
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SAN FRANCISCO and TORONTO, J(GLOBE NEWSWIRE) - Cohere, the leading AI platform for enterprise, today announced $270M in new capital as part of its Series C financing.
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