Cohere hits $7B valuation a month after its last raise, partners with AMD

On Wednesday, COHERE told Enterprise Ai that it raised an additional 100 million dollars-where it collided with its evaluation to $ 7 billion-on a tuning tour in August. It was the August tour The IPO is 500 million dollars With a value of $ 6.8 billion, the company said at the time.

COHERE has also announced an interesting development in partnership. While the opponent Openai Just invest up to $ 100 billion From the largest GPU, Nvidia, Coher It signed the drug control departmentL with AMD, one of its investors.

The full COHERE group of family models, including vision of driving, translation of family models, and competition for the AMD GPU graphics unit, is a GPU NVIDIA competitor. Moreover, AMD COHERE will be used internally as a customer. However, COHERE does not give up NVIDIA GPUS support to support AMD accurately, as the company tells Techcrunch.

Cohere began as a front -to -enemy in the artificial intelligence race. It was established in 2019 by Aidan Gomez, one of the authors of “The”adapterThe paper that led to the mutation of modern artificial intelligence.

However, although the evaluation from zero to 7 billion dollars in six years would have been an inspiration for a decade ago, Cohere has since been overwhelmed by the rapid rise in Openai and its nearest anthropier. Openai for example, was According to the value of $ 500 billion Last month, while Antarbur A $ 183 billion rating record Early this month.

COHERE, which has always focused on the institution’s market, is now marketing itself for institutions in which the sovereignty of artificial intelligence is urgent, and is also known as local control of data and models, rather than putting it in the hands of a foreign entity. To achieve this end, the Business Bank in Canada (BDC) and Nexxus Capital Management (known for its fund in Mexico and Iberia) was new investors in this new round of $ 100 million.