TechCrunch Startup News Cohere hits $7B valuation a month after its last raise, partners with AMD; plus, Waymo is getting into the corporate travel business
Sep 24, 2025
Cohere has hit a remarkable $7 billion valuation after raising another $100 million. The AI model-maker is now partnering with AMD, enabling its models to run on Instinct GPUs. Meanwhile, Waymo is venturing into corporate travel with its new 'Waymo for Business' service, which allows companies to set up accounts for employee access to robotaxis. The service comes with features like subsidized rides and geographic monitoring, aiming to compete head-to-head with traditional transportation services like Uber and Lyft.
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Cohere's Rapid Valuation Jump
- Cohere raised an extra $100M, lifting its valuation to $7B a month after an earlier round.
- The startup remains enterprise-focused and emphasizes AI sovereignty for customers.
Cohere Partners With AMD While Keeping Options Open
- Cohere partnered with AMD to run its command-family models on AMD Instinct GPUs and AMD will use Cohere internally.
- Cohere said it will continue to support NVIDIA GPUs and not strictly switch to AMD.
Origins And Competitive Positioning
- Cohere was co-founded by Aidan Gomez, a Transformer paper co-author, and started strong in the model race.
- Despite growth, Cohere has been overshadowed by the much larger valuations of OpenAI and Anthropic.