狐狸视频

AI startup Cohere raises US$40-million for natural language software: Globe and Mail

Aiden Gomez
Aidan Gomez, pictured here in 2017, introduced the concept that underpins the Cohere's natural language processing technology in a research paper (photo by Nina Haikara)

Cohere Inc., an AI startup co-founded by 狐狸视频 alumni and backed by some of the university鈥檚 most recognized AI luminaries, has raised US$40 million as it readies the launch of technology that could revolutionize how humans converse with machines, .

Cohere鈥檚 software is based on a technology called 鈥渢ransformers鈥 鈥 AI tools that that boost the performance of natural language processing (NLP) programs, the newspaper said. The result is a product that can improve the quality of conversations between humans and machines, as in the case of customer service chatbots.

CEO Aidan Gomez, who previously interned with U of T Emeritus Distinguished Professor 狐狸视频 at his Google lab, introduced the concept of transformers in a 2017 paper. He said the company, founded in 2019, is preparing to make its product more widely available in the coming months. 鈥淲e really want to make it useful to everyone,鈥 Gomez told the Globe.

The company鈥檚 two other co-founders are Nick Frosst, who also worked with Hinton at Google, and Ivan Zhang, a former U of T computer science student.

The Series A financing was provided by venture capital firms Index Ventures, Section 32 and Radical Ventures, as well as leading AI experts that included Hinton and Raquel Urtasun, a professor in U of T鈥檚 department of computer science in the Faculty of Arts & Science and founder of autonomous driving startup Waabi.

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