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AI startup Cohere has successfully raised US$500 million in funding, which has led to the company being valued at an impressive US$5.5 billion. This significant investment showcases the confidence and potential investors see in Cohere's AI technology and solutions. The funding round was led by the Public Sector Pension Investment Board.
Notable new investors in Cohere's latest financing round include tech giants such as Cisco Systems Inc., AMD Ventures, and Fujitsu. The involvement of these established companies further validates Cohere's position in the AI industry and highlights the growing interest in AI technologies. Export Development Canada also participated in the funding round, indicating a diverse range of investors supporting Cohere's growth.
The Globe and Mail 13month
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