Cohere, a Toronto, Canada-based provider of an AI platform for the enterprise, raised $270M in Series C funding.
The round was led by Inovia Capital with participation NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and Index Ventures.
The company intends to use the funds to consolidate its position across the enterprise sector.
Led by CEO Aidan Gomez, Cohere provides an AI platform that is 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. Its platform is cloud-agnostic, accessible through API as a managed service, and can be deployed on virtual private cloud (VPC) or on-site to meet companies where their data is, offering flexibility and control.
The company launched its London-based office in November 2022, led by CSO Phil Blunsom, who founded and led Deepmind’s language team before joining Cohere.
FinSMEs
08/06/2023