Enterprise AI startup Cohere raises $500M even as skepticism of sector grows

<img width="578" height="361" src="https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?w=578" class="attachment-single-feed size-single-feed wp-post-image" alt="Cohere co-founder and CEO Aidan Gomez, and Martin Kon, president" decoding="async" loading="lazy" srcset="https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png 1200w, https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?resize=300,188 300w, https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?resize=768,480 768w, https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?resize=800,500 800w, https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?resize=400,250 400w, https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?resize=750,469 750w, https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?resize=578,361 578w, https://venturebeat.com/wp-content/uploads/2023/06/Untitled-design-2023-06-27T123818.063.png?resize=930,581 930w" sizes="(max-width: 578px) 100vw, 578px">With the investment, Cohere is now valued at $5.5 billion. The company plans to support enterprise AI model development. Read More

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Enterprise AI startup Cohere raises $500M even as skepticism of sector grows