Cohere, a startup specialising in enterprise-focused large language models, secured $270 million in Series C funding. This round was led by Inovia Capital and included participation from Nvidia, Oracle, and Salesforce Ventures, among others.

Cohere differentiates itself by focusing on providing large language models tailored for enterprise use. The company’s models are designed to be more efficient and customisable than consumer-focused alternatives. With this new funding, Cohere plans to expand its team and accelerate the development of its AI technologies for business applications.

Additional reading: Reuters https://www.reuters.com/technology/ai-startup-cohere-raises-270-mln-nvidia-backed-funding-round-2023-06-08/