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AI startup Cohere, founded by ex-Google researchers, raises $500M in Series D funding led by PSP Investments and EDC, valuing it at $5.5B.
AI startup Cohere, founded by ex-Google researchers, raised $500M in a Series D funding round, led by Canadian pension investment manager PSP Investments and Canada's export credit agency EDC.
The round values Toronto-based Cohere at $5.5B and brings its total raised to $970M.
The company plans to use the funds for "accelerated growth" and to expand technical teams for building future generations of AI technology.
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La startup de IA Cohere, fundada por ex investigadores de Google, recauda 500 millones de dólares en financiación Serie D liderada por PSP Investments y EDC, valorándola en 5.500 millones de dólares.