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Cohere was valued at $6.8 billion after its latest $500 million funding round, as the artificial intelligence startup moves to expand its market share in a highly competitive industry.
The funding round was led by Radical Ventures and Inovia Capital, with participation from existing investors AMD Ventures, NVIDIA, PSP Investments, and Salesforce Ventures, among others.
Unlike most AI companies like OpenAI and Meta’s Llama, which are focused on broad foundational models, Cohere builds enterprise-specific AI models.
In January, it launched North, a…
