Canada's Cohere is in talks to raise $2 to 3 billion at a $20 billion valuation, almost triple a year ago
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Countries want their own SI, independent of the US and China, and billions are being found for that idea.
According to The Globe and Mail, Cohere is close to a round of $2 to 3 billion at a $20 billion valuation; the deal could close as early as next week. A year ago the company was valued at $7 billion. It would be the largest round in the history of private Canadian startups; Cohere attributes investor interest to demand for "sovereign SI."
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