Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down

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, founded in 2019 by co-founder Aidan Gomez, one of the authors of the “Attention is all You Need” paper that became the foundation of modern AI. But it has been a sleeper entrant ...