Cohere, the Canadian AI company, has reached a valuation of $6.8 billion following a recent funding round that saw investment from AMD, Nvidia, and Salesforce. Unlike competitors like OpenAI and Google, Cohere focuses exclusively on the enterprise sector, providing tailored solutions like the Command R(+) language model optimized for Retrieval-Augmented Generation (RAG). Their new platform, North, secures business data and emphasizes a security-first approach, distinguishing it in the crowded AI landscape.
Founded in 2019 by Aidan Gomez, a key figure behind the “Attention Is All You Need” paper, Cohere has also ramped up its talent acquisition, hiring experts like Joelle Pineau from Meta. The latest funding of $500 million, led by Radical Ventures and Inovia Capital, has strengthened partnerships with major companies like Dell and SAP. As other AI giants face inconsistencies, Cohere’s focused, stable solutions position it as a reliable choice for business applications.
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