Cohere Seeks $3B Funding at $20B Valuation

AI company Cohere is in talks to raise as much as $3 billion in a new funding round, according to reports. The raise would value the enterprise-focused AI firm at approximately $20 billion. The potential funding round signals continued strong investor appetite for AI companies, particularly those targeting business applications. Cohere competes in the enterprise AI space against major players including OpenAI and Anthropic.