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.

July 22, 2024
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