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Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down
Cohere's market proposition has always been to offer secure LLMs specifically geared for enterprise use, not for consumers.
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. To that end, it’s landed partnerships with some of the biggest names in enterprise tech including Oracle, Dell, Bell, Fujitsu, LG’s consulting service CNS, and SAP, as well as some big enterprise names like RBC, and a new investor in this round: Healthcare of Ontario Pension Plan. Its press release even includes a jibe that Cohere “represents a security-first category of enterprise AI that is simply not being met by repurposed consumer models.”
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