Overview

• Cohere raised $500 million in a Series D funding round, bringing its total funding to $970 million.
• The company is backed by major investors including Nvidia, Cisco, AMD, and Canada's EDC.
• Cohere develops large language models aimed at improving business efficiencies across various industries.
• The startup reported $35 million in annualized revenue as of March and plans to double its workforce.
• Unlike rivals, Cohere prioritizes practical AI solutions over ambitious AGI projects.