Cohere raising round at $20.5B valuation with Canada, Nvidia backing

AI model maker Cohere Inc. is raising a large funding round at a $20.5 billion valuation, roughly tripling its value from a year ago. Canada and Nvidia are backing the round.

• Cohere's new round values the company at $20.5B
• That is roughly triple its valuation a year ago
• Canada and Nvidia are participating in the round