AI Firm Cohere Raises $270 Million With Oracle, Nvidia Backing

Artificial intelligence startup Cohere has raised $270 million from a mix of venture capital and strategic investors including Oracle Corp. and Nvidia Corp., an executive said in an interview.

Toronto-based Cohere is valued in the round at $2.1 billion to $2.2 billion, according to a person familiar with the matter who asked not to be identified because it was private.

Inovia Capital led the round, with participation, in addition to Oracle and Nvidia, from Salesforce Ventures, an arm of Deutsche Telekom AG, Mirae Asset, Schroders Capital, SentinelOne Inc., Thomvest Ventures and existing investor Index Ventures, said Cohere ...