Generative AI Startup Cohere Valued at About $2 Billion in Funding Round

Cohere, a Toronto artificial intelligence startup, has raised $250 million in new funding, two people with knowledge of the situation said, in yet another sign of feverish interest in a new kind of AI technology.

The deal values Cohere at about $2 billion, the people said. Investors include internet software giant Salesforce, chipmaker Nvidia, Toronto venture capital firm Inovia Capital and Silicon Valley firm Index Ventures.