AI startup Cohere has raised $450M in funding from returning investors such as Nvidia (NVDA) and Salesforce (CRM), as well as new investors including Cisco (CSCO) and Canadian pension fund PSP Investments, Reuters’ Krystal Hu reports, citing a source familiar with the matter. This concludes the first tranche of Cohere’s monthslong fundraising efforts, while the company is still in talks to raise more in the same round at $5 billion valuation, added the source.
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