Cohere, a prominent AI startup rivaling OpenAI, has an annual revenue of $13 million, significantly lower than its $6 billion valuation target. Despite raising $445 million, Cohere faces revenue struggles, reflecting broader challenges in AI startup profitability.
AI startup Cohere seeks $5-billion valuation in latest fundraising, source says https://t.co/UYbM7SGeN9
AI startup Cohere is attempting to raise $500M at a valuation of nearly $5B, according to a report by Reuters
Financial Times @ft: AI startup Cohere seeks $5 billion valuation in latest fundraising - The Economic Times. #AI #ArtificialIntelligence #aistrategy https://t.co/uH4CsB4arq
Exclusive: AI startup Cohere seeks $5 billion valuation in latest fundraising - Reuters https://t.co/p6kmDgEJFS
There are many AI bubbles that are about to burst. I expect that OpenAI will be one of them because of its ridiculous valuation, cost structure, hype, ... and better competitors rapidly emerging. Exponential disruptions happening with disruptors being disrupted. https://t.co/XGJ4vRFfKw
Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation last year, generated just ~$13M in annualized revenue at the end of 2023 (The Information) https://t.co/TPgEOICCfl 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/dptVVdcoBw
Tepid revenue at AI developer Cohere shows how OpenAI competitors face an uphill climb. https://t.co/bT2cpmbQk0 By @steph_palazzolo & @heetermaria
The revenue of AI startups has yet to catch up with their hype. Just take Cohere: Despite generating just $13MM in ARR, the OpenAI rival wanted a $6Bn valuation—a whopping 450x multiple. @HeeterMaria and I have the inside details here: https://t.co/8xbz4NqYKy
Scoop: Cohere, one of the best-known startup competitors to OpenAI, has just 13Mn in annual revenue. Perhaps why its funding round has stretched on for so long ….. Details here 👇 w/ @steph_palazzolo https://t.co/xjMpKqZcwu
Generative AI founders can raise money. But can they make money? Well... Cohere shows broader ai startup revenue struggles. https://t.co/GOBpjkGejz by @steph_palazzolo @HeeterMaria https://t.co/e8gROIojpc