Cohere reaches $6.8B valuation with backing from AMD, Nvidia, and Salesforce
AI startup Cohere has raised $500 million in new funding, bringing its valuation to $6.8 billion. Major investors include chip giants AMD and Nvidia, as well as enterprise software leader Salesforce. Cohere develops large language models (LLMs) tailored specifically for enterprise use, distinguishing itself from consumer-focused AI platforms. The funding reflects growing demand for secure, customizable AI solutions in business and government settings.
This signals strengthening investor confidence in enterprise AI and marks Cohere as a serious contender in the rapidly consolidating LLM market.
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