Cisco Systems Inc. has announced the launch of a $1 billion investment fund aimed at supporting startups focused on developing secure and reliable artificial intelligence (AI) services. The company disclosed its initial investments in AI startups Cohere, Mistral AI, and Scale AI. This initiative is part of Cisco's broader strategy to advance intelligent networking and security. Cisco has already committed nearly $200 million to these startups, with Cohere securing $450 million in a funding round joined by NVIDIA and Salesforce, bringing its valuation to $5 billion. Cohere's annual recurring revenue (ARR) jumped from $13 million to $35 million in one year.
Canadian AI Startup Cohere Raises $450M at $5B Valuation, Backed by Nvidia and Salesforce https://t.co/Q7rL8HxM1F
Cisco launches $1 bln AI fund and makes first investments https://t.co/w9lfStlcga https://t.co/TvHr8SlbfS
Source: Canadian AI startup Cohere has raised $450M from Nvidia, Salesforce, Cisco, and others and is looking to raise more in the same round at a $5B valuation (@readkrystalhu / Reuters) https://t.co/pOiXNCYkuX 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/72hn4NDgFA
📣 JUST IN: $CSCO Cisco to Invest $1 Billion in AI Startups, Boosting Industry Growth $MSFT $AAPL $META $GOOGL $AMZN $NVDA 👉 Key Highlights: 📍 Cisco Systems Inc. plans to invest $1 billion in AI startups. 📍 The company seeks “secure and reliable” AI services. 📍 Cisco… https://t.co/69vUwLIuJU
AI startup Cohere secures $450M. Major players in this funding round: • NVIDIA $NVDA • Salesforce $CRM • Cisco (new) $CSCO 📈 Valuation jumps to $5B. 💰 ARR jumped from $13M to $35M in one year. 🔒 Focus on enterprise AI models & data privacy. https://t.co/zboukWORub
Cisco Unveils $1B AI Startup Investment Fund, New AI Partnership With @nvidia: https://t.co/zGGrcqf6I7 @Cisco’s initial AI startup investments from its new global startup investment fund include @cohere, @MistralAI and @scale_AI. @CiscoPartners #CiscoLive #CiscoInvests
Nvidia $NVDA and Salesforce $CRM are reportedly doubling down on their investments in AI startup Cohere, with Cisco $CSCO also joining the $450M round at a $5B valuation for Cohere.
Cisco $CSCO has established a $1B AI investment fund, and has already committed nearly $200M to AI startups Scale AI, Cohere, and Mistral. $NVDA $CRM $MSFT $GOOG $AMZN
Today, @Cisco announced a $1B global investment fund to expand and develop secure and reliable AI solutions. As part of today's news, we welcome @cohere @MistralAI @scale_AI to our portfolio. 🚀 🔗https://t.co/q1Tw2m7jim #CiscoInvests https://t.co/dRrxkOqtFB
🔵 CISCO LAUNCHES $1 BILLION AI FUND AND MAKES FIRST INVESTMENTS Full Story → https://t.co/tkOpwYGsdG Cisco on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI…
REUTERS: Cisco launches $1 billion AI fund and makes first investments https://t.co/H4W5r9ihLT $CSCO
Cisco advances intelligent networking and security as it announces $1B AI investment fund https://t.co/EPzZRQkbTd
Cisco launches $1 bln AI fund and makes first investments #startups #funding #Cisco https://t.co/MLwXMKaBxs
New $NVDA Blog $CSCO NVIDIA and Cisco Weave Fabric for Generative AI The Cisco Nexus HyperFabric AI cluster solution debuts at Cisco Live, supercharged by NVIDIA accelerated computing platforms, NVIDIA AI Enterprise software and NVIDIA NIM inference microservices.…
Cisco plans to invest $1 billion in startups that are working on what it calls “secure and reliable” artificial intelligence services https://t.co/sBSs4WUQ1p
CISCO LAUNCHES $1 BILLION AI INVESTMENT FUND, COMPANY SAYS || CISCO DISCLOSES INVESTMENTS IN COHERE, MISTRAL AI, SCALE AI