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Industries
AI & Machine Learning
Company Size
501-1,000
Company Stage
Series D
Total Funding
$940M
Headquarters
Toronto, Canada
Founded
2019
Cohere provides advanced Natural Language Processing (NLP) tools and Large Language Models (LLMs) through a user-friendly API. Their services cater to a wide range of clients, helping businesses improve content generation, summarization, and search functionalities. Cohere's revenue model is based on offering scalable and affordable generative AI tools, allowing users to access pre-trained models for tasks like text classification, sentiment analysis, and semantic search in multiple languages. The platform is customizable, enabling businesses to create tailored solutions. With its multilingual capabilities, Cohere effectively addresses language barriers, making it suitable for international use.
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Total Funding
$940M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Cohere.Hive has secured a new funding round exceeding hundreds of millions of dollars, led by existing investors. The funds will support the company's expansion in Asia, focusing on multilingual AI solutions with enhanced security, customization, and low-resource optimization. Cohere.Hive aims to advance technologies like Mixture-of-Experts architecture and Retrieval-Augmented Generation, while strengthening local partnerships and ecosystem collaborations.
Ayham Aloulabi on Why Canada Must Move Faster to Lead in Artificial Intelligence Before It's Too Late.
Agents will continue to be an important part of enterprise AI adoption, Cohere told BetaKit
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Enterprise retrieval augmented generation (RAG) remains integral to the current agentic AI craze. Taking advantage of the continued interest in agents, Cohere released the latest version of its embeddings model with longer context windows and more multimodality. Cohere’s Embed 4 builds on the multimodal updates of Embed 3 and adds more capabilities around unstructured data. Thanks to a 128,000 token context window, organizations can generate embeddings for documents with around 200 pages. “Existing embedding models fail to natively understand complex multimodal business materials, leading companies to develop cumbersome data pre-processing pipelines that only slightly improve accuracy,” Cohere said in a blog post. “Embed 4 solves this problem, allowing enterprises and their employees to efficiently surface insights that are hidden within mountains of unsearchable information.”Enterprises can deploy Embed 4 on virtual private clouds or on-premise technology stacks for added data security. Companies can generate embeddings to transform their documents or other data into numerical representations for RAG use cases
Ottawa is investing $240 million in Cohere's $725 million project to acquire AI compute resources at a new Canadian data center set to open this year.
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Industries
AI & Machine Learning
Company Size
501-1,000
Company Stage
Series D
Total Funding
$940M
Headquarters
Toronto, Canada
Founded
2019
Find jobs on Simplify and start your career today