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Cohere

Topic: Company

 From HandWiki - Reading time: 4 min
Short description: Canadian natural language processing startup
Cohere
TypePrivate
Industry
Founded2019
FoundersAidan Gomez, Ivan Zhang, Nick Frosst
Headquarters
Key people
  • Aidan Gomez (CEO)
  • Martin Kon (president & COO)
  • Jaron Waldman (CPO)
Number of employees
250[1]
Websitecohere.com

Cohere is a Canadian multinational technology company focused on artificial intelligence for the enterprise, specializing in large language models.[2] Cohere was founded in 2019 by Aidan Gomez, Ivan Zhang, and Nick Frosst,[3] and is headquartered in Toronto and San Francisco , with offices in Palo Alto and London.[1][4]

History

In 2017, a team of researchers at Google Brain, which included Aidan Gomez, published a paper called "Attention is All You Need," which introduced the transformer machine learning architecture, setting state-of-the-art performance on a variety of natural language processing tasks.[5][6] In 2019, Gomez and Nick Frosst, another researcher at Google Brain, founded Cohere along with Ivan Zhang, with whom Gomez had done research at FOR.ai.[7][8] All of the co-founders attended University of Toronto.[9]

Gomez has been serving as the company's CEO since its founding.[8] On December 13, 2022, it was announced that Cohere had appointed former YouTube CFO Martin Kon as their new president and chief operating officer.[10]

In November 2021, Google Cloud announced that they would help power Cohere's platform using their robust infrastructure, and Cloud's TPUs would be used by Cohere for the development and deployment of their products.[11][12]

In June 2022, Cohere launched Cohere For AI, a nonprofit research lab and community dedicated to contributing open-source, fundamental machine learning research. It is led by Sara Hooker, a former research scientist at Google Brain.[13]

In December 2022, Cohere released a multilingual model for understanding text that would work with over 100 languages, to help users search for documents by meaning instead of with keywords. This type of process was not previously widely available in languages other than English.[10]

On June 13, 2023, Oracle announced a partnership with Cohere to provide generative AI services to help organizations automate end-to-end business processes. As a result, Cohere's technology is integrated into Oracle's business applications, including Oracle Fusion Cloud, Oracle NetSuite, and Oracle industry-specific applications.[14] On July 18, 2023, McKinsey announced a collaboration with Cohere, to help organizations integrate generative AI into their operations.[15] In 2023, Cohere collaborated with software company LivePerson to offer customized large language models for businesses.[2]

On September 12, 2023, it was announced that Cohere had become one of 15 tech companies to agree to voluntary White House measures on testing, reporting, and research on the risks of AI.[16] On September 27, 2023, it was announced that Cohere had also signed Canada's voluntary code of conduct for AI, to promote the responsible development and management of advanced generative AI systems.[17]

Products

Considered an alternative to OpenAI,[18] Cohere is focused on generative AI for the enterprise, building technology that businesses can use to deploy chatbots, search engines, copywriting, summarization, and other AI-driven products.[2][19] Cohere specializes in large language models: AI trained to digest text from an enterprises' internal data or publicly available sources like the internet to understand how to process and respond to prompts with increasing sophistication.[10]

The Cohere platform is available through API as a managed service, through platforms such as Amazon SageMaker and Google's Vertex AI. It can be used for tasks such as writing copy, moderating content, classifying data, and extracting information. It is cloud agnostic and not tied to a particular cloud service.[8]

Cohere's generative AI technology is embedded into several Oracle products, and its chat capabilities are embedded into Salesforce products.[18]

Funding

On September 7, 2021, Cohere announced that they had raised $40 million in Series A funding led by Index Ventures; Index Ventures partner Mike Volpi also joined Cohere's board.[11][12] The round also included Radical Ventures, Section 32, and AI-experts Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, and Raquel Urtasun.[3]

In February 2022, Cohere announced they had raised $125 million in series B funding led by Tiger Global.[20] In June 2023, Cohere raised an additional $270 million in series C funding from investors including Inovia Capital, Oracle, Salesforce, and Nvidia, at a valuation of $2.2 billion.[2][21]

See also

References

  1. ↑ 1.0 1.1 Rai, Saritha (13 September 2023). "AI Startup Cohere Opens Second Headquarters in San Francisco". Bloomberg. https://www.bloomberg.com/news/articles/2023-09-13/ai-startup-cohere-opens-second-headquarters-in-san-francisco. 
  2. ↑ 2.0 2.1 2.2 2.3 Goldberg, Natalie (8 June 2023). "Nvidia invests in Google-linked generative A.I. startup Cohere". CNBC. https://www.cnbc.com/2023/06/08/nvidia-invests-in-google-linked-generative-ai-startup-cohere.html. 
  3. ↑ 3.0 3.1 Silcoff, Sean (2021-09-07). "Toronto AI startup Cohere raises US$40-million as it looks to bring Google-quality predictive language to masses" (in en-CA). The Globe and Mail. https://www.theglobeandmail.com/business/technology/article-toronto-ai-startup-cohere-raises-us40-million-as-it-looks-to-bring/. 
  4. ↑ "Cohere". https://read.cv/teams/cohere. 
  5. ↑ "Cohere raises $40 million USD to make natural language processing more accessible | BetaKit" (in en-CA). 2021-09-08. https://betakit.com/cohere-raises-40-million-to-make-natural-language-processing-more-accessible/. 
  6. ↑ Sullivan, Mark (2021-09-07). "Ex-Googlers raise $40 million to democratize natural-language AI" (in en-US). https://www.fastcompany.com/90670635/ex-googlers-raise-40-million-to-democratize-natural-language-ai. 
  7. ↑ "Cracking the code: This group of U of T computer science researchers are decoding ciphers with AI" (in en). https://www.utoronto.ca/news/cracking-code-group-u-t-computer-science-researchers-are-decoding-ciphers-ai. 
  8. ↑ 8.0 8.1 8.2 Goldman, Sharon (9 February 2023). "OpenAI rival Cohere AI has flown under the radar. That may be about to change.". Venture Beat. https://venturebeat.com/ai/openai-rival-cohere-ai-has-flown-under-the-radar-that-may-be-about-to-change. 
  9. ↑ "AI startup Cohere raises US$40-million for natural language software: Globe and Mail" (in en). https://www.utoronto.ca/news/ai-startup-cohere-raises-us40-million-natural-language-software-globe-and-mail. 
  10. ↑ 10.0 10.1 10.2 O'Kane, Josh (14 December 2022). "Rising AI startup Cohere hires YouTube CFO Martin Kon as president". The Globe and Mail. https://www.theglobeandmail.com/business/article-ai-startup-cohere-youtube-martin-kon/. 
  11. ↑ 11.0 11.1 "Google Cloud teams up with NLP startup Cohere on multiyear partnership around TPUs" (in en-US). https://social.techcrunch.com/2021/11/17/google-cloud-teams-up-with-nlp-startup-cohere-on-multi-year-partnership/. 
  12. ↑ 12.0 12.1 Cohere (2021-09-07). "Cohere Raises $40 Million in Series A Financing to Make Natural Language Processing Safe and Accessible to Any Business" (in en). https://www.globenewswire.com/news-release/2021/09/07/2292856/0/en/Cohere-Raises-40-Million-in-Series-A-Financing-to-Make-Natural-Language-Processing-Safe-and-Accessible-to-Any-Business.html. 
  13. ↑ Goldman, Sharon (14 June 2022). "Google Brain alum to helm new nonprofit AI research lab". Venture Beat. https://venturebeat.com/ai/google-brain-alum-to-helm-new-nonprofit-ai-research-lab/. 
  14. ↑ Ajao, Esther (13 June 2023). "Oracle plans to provide generative AI services with Cohere". Tech Target. https://www.techtarget.com/searchenterpriseai/news/366541569/Oracle-plans-to-provide-generative-AI-services-with-Cohere. 
  15. ↑ Franzen, Carl (18 July 2023). "Cohere is teaming up with McKinsey to bring AI to enterprise clients". Venture Beat. https://venturebeat.com/ai/cohere-is-teaming-up-with-mckinsey-to-bring-ai-to-enterprise-clients/. 
  16. ↑ Ordonez, Franco (12 September 2023). "These tech giants are at the White House today to talk about the risks of AI". NPR. https://www.npr.org/2023/09/12/1198885516/these-tech-giants-are-at-the-white-house-today-to-talk-about-the-risks-of-ai. 
  17. ↑ Masse, Bryson (27 September 2023). "Canada wants to be the first country to implement AI regulations: Minister of Innovation". Venture Beat. https://venturebeat.com/ai/canada-ai-code-of-conduct/. 
  18. ↑ 18.0 18.1 Bort, Julie (13 June 2023). "Oracle is betting its AI future on a company called Cohere. Here's why this little-known startup is becoming OpenAI's chief rival.". Business Insider. https://www.businessinsider.com/oracle-chooses-cohere-ai-startup-best-alternative-openai-2023-6. 
  19. ↑ Metz, Cade (2 May 2023). "Generative A.I. Start-Up Cohere Valued at About $2 Billion in Funding Round". New York Times. https://www.nytimes.com/2023/05/02/technology/generative-ai-start-up-cohere-funding.html. 
  20. ↑ Silcoff, Sean (15 February 2022). "Toronto AI star Cohere raises US$125-million led by Tiger Global". The Globe and Mail. https://www.theglobeandmail.com/business/article-toronto-ai-star-cohere-lands-tiger-led-125-million-venture-funding/. 
  21. ↑ Baker, Liana (30 August 2023). "OpenAI Rival Cohere Taps JPMorgan, Goldman for Financing". Bloomberg. https://www.bloomberg.com/news/articles/2023-08-30/ai-startup-cohere-taps-banks-for-fresh-fundraising-round#xj4y7vzkg. 



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