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On Wednesday, Enterprise AI model-maker Cohere said it raised an additional $100 million — bumping its valuation to $7 billion — in an extension to a round announced in August. The August round was an oversubscribed $500 million round at a $6.8 billion valuation, the company said at the time. Cohere also announced an interesting … Read more
Cohere, the Toronto-based startup building large language models for business customers, has long had a lot in common with its hometown hockey team, the Maple Leafs. They are a solid franchise and a big deal in Canada, but they’ve not made a Stanley Cup Final since 1967. Similarly, Cohere has built a string of solid, … Read more
Investors once saw Canadian AI startup Cohere as a promising contender to challenge OpenAI and Anthropic in the race to build frontier AI models, with its backers pouring roughly $1 billion behind CEO Aidan Gomez, who co-authored a seminal paper on LLMs when he was a 20-year-old Google intern. But Cohere’s AI models have fallen … Read more
Cohere on Thursday announced that it had raised an oversubscribed $500 million round, bringing its valuation to $6.8 billion. This is up from the $5.5 billion valuation it landed a little over a year ago when it raised its previous round, also $500 million. Toronto-headquartered Cohere was one of the first breakout LLM model makers, … Read more
AI startup Cohere has acquired Ottogrid, a Vancouver-based platform that develops enterprise tools for automating certain kinds of high-level market research. Sully Omarr, one of the founders of Ottogrid, announced the deal Friday in a post on X. He didn’t disclose the terms. Ottogrid will sunset its product, according to Omarr, but give customers “ample … Read more
There seems to be a new, more impressive AI model every week. Given the rapid pace, how can founders best position themselves to build on top of this technology? At TechCrunch Sessions: AI, on June 5 in Zellerbach Hall at UC Berkeley, we’ll host a panel on “How Founders Can Build on Existing Foundational Models” … Read more
Cohere for AI, AI startup Cohere’s nonprofit research lab, this week released a multimodal “open” AI model, Aya Vision, the lab claimed is best-in-class. Aya Vision can perform tasks like writing image captions, answering questions about photos, translating text, and generating summaries in 23 major languages. Cohere, which is also making Aya Vision available for … Read more
A consortium of fourteen publishers including Condé Nast, The Atlantic, and Forbes have filed a lawsuit against Cohere alleging that the generative AI startup has engaged in “massive, systematic” copyright infringement. In the complaint, the publisher plaintiffs accuse Cohere of using at least 4,000 copyrighted works to train its AI models and display large portions … Read more
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