Cohere from Canada raises $500M at $5.5B Valuation
Toronto-based generative AI startup Cohere has successfully closed its Series D funding round, raising $500 million at a $5.5 billion valuation. This funding round, initially reported by BetaKit in June, saw Cohere secure an additional $50 million, surpassing its initial $450 million goal.
San Francisco continues to be a global epicenter for startup innovation, particularly within the Silicon Valley ecosystem. The city boasts a unique mix of abundant capital, talent, and supportive infrastructure, fostering a thriving startup scene. In 2022 alone, San Francisco startups secured over $31 billion in funding, with more than

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