Cohere in advanced talks to raise $2B-$3B at $20B valuation, sources say
#cohere#funding#ai#canada
Sources tell the Globe and Mail that AI startup Cohere is in advanced talks to raise between US$2 billion and US$3 billion, including financing from the Canadian government and existing backers, at a valuation of US$20 billion. The round would mark a significant step-up from Cohere's previous valuation and add state-backed capital to its investor base.
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Globe and Mail : Sources: Cohere is in advanced talks to raise between $2B and $3B, including financing from the Canadian government and existing backers, at a $20B valuation — Cohere Inc. is in advanced talks to raise between US$2-billion and US$3-billion, including financing from the Canadian government …
