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Chronicles

The story behind the story

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Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation in 2023, generated just ~$13M in annualized revenue at the end of 2023

a whopping 450x multiple. @HeeterMaria and I have the inside details here: https://www.theinformation.com/ ...

The Information

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Discussion

  • @amir Amir Efrati on x
    Generative AI founders can raise money. But can they make money? Well... Cohere shows broader ai startup revenue struggles. https://www.theinformation.com/ ... by @steph_palazzolo @HeeterMaria [image]
  • @garymarcus Gary Marcus on x
    - Inflection's CEO defects to MSFT - Stability is in deep trouble - Cohere isn't making any money And that's just the last 24 hours.
  • @asanwal Anand Sanwal on x
    That's a healthy valuation multiple Satya and Microsoft just gonna acquihire this too?
  • @steph_palazzolo Stephanie Palazzolo on x
    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://www.theinformation.com/ ...