Cohere Announces $270M Series C to Bring Generative AI to Enterprises

Funding will accelerate Cohere’s leadership position giving enterprises the power of AI on the cloud platform of their choice, keeping their data private and secure

SAN FRANCISCO and TORONTO, June 08, 2023 (GLOBE NEWSWIRE) — Cohere, the leading AI platform for enterprise, today announced $270M in new capital as part of its Series C financing. Inovia Capital led the round, with additional participation from a diverse group of global institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and returning investor Index Ventures. This group represents investors from the USA, Canada, Korea, the UK, and Germany, and includes some of the most respected technology companies in the world.

“AI will be the heart that powers the next decade of business success,” said Aidan Gomez, CEO and co-founder, Cohere. “As the early excitement about generative AI shifts toward ways to accelerate businesses, companies are looking to Cohere to position them for success in a new era of technology. The next phase of AI products and services will revolutionize business, and we are ready to lead the way.”

“We are at the beginning of a new era driven by accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. “The team at Cohere has made foundational contributions to generative AI. Their service will help enterprises around the world harness these capabilities to automate and accelerate.”

AI Built for Enterprise
Cohere’s AI platform is uniquely designed for enterprises, offering data-secure deployment options in companies’ existing cloud environments, customization, and customer support. This includes an ecosystem of consulting and system integrator partners to help enterprises at any stage in their AI journey.

Cohere’s enterprise AI suite is cloud-agnostic, offering the highest levels of flexibility and data privacy. The platform is built to be available on every cloud provider, deployed inside a customers’ existing cloud environment, virtual private cloud (VPC), or even on-site, to meet companies where their data is. This empowers businesses to transform existing products and build the next era-defining generation of innovative solutions all while keeping their data secure.

“Our entire raison d’être is to invest in great entrepreneurs who have great worldwide mission and ambitions,” said Steve Woods, CTO and Partner, Inovia Capital. “Very few ideas can fundamentally change society and add more value to humankind. This is obviously one such opportunity and we are thrilled to partner with Cohere to be a part of it.”

Today’s news comes on the heels of Cohere’s momentum in several areas: a recent announcement to collaborate with Salesforce Ventures to advance generative AI to realize business value; an engagement with LivePerson to supercharge customer experiences; and a host of additional demand and interest from the enterprise market. As Cohere continues to advance its industry-leading technology, Stanford’s most recent language model evaluation has also ranked Cohere’s Command model highly in accuracy over comparable models. Meanwhile, Cohere recently released the first-ever publicly available multilingual understanding model trained on authentic data from native speakers; it’s equipped to read and understand over 100 of the world’s most commonly spoken languages.

“Cohere has a rare combination of top-tier talent, the most innovative technology and is best positioned to seize the global enterprise market opportunity for Generative AI and LLMs,” said Lance Matthews, Managing Director, DTCP. “Our unique fund structure and relationships allows us to gather a coalition of global institutional and strategic investors including Deutsche Telekom to accelerate Cohere’s vision to bring this technology to enterprises worldwide.”

To learn more about Cohere and its growing team, visit

About Cohere
Cohere is the leading AI platform for enterprise. Its world-class AI is uniquely suited to the needs of business, unlocking unprecedented ease-of-use, accessibility, and data privacy. Cohere’s platform is cloud-agnostic, accessible through API as a managed service, and can be deployed on virtual private cloud (VPC) or even on-site to meet companies where their data is, offering the highest levels of flexibility and control. Founded by Google Brain alumni and a co-author of the seminal Transformer research paper, Cohere is on a mission to transform enterprises and their products with AI that unlocks a more intuitive way to generate, search, and summarize information than ever before. The company is backed by group of global institutional and strategic investors including DTCP, Index Ventures, Inovia Capital, Mirae Asset, NVIDIA, Oracle, Radical Ventures, Salesforce Ventures, Section 32, and Tiger Global, as well as several AI luminaries, including Geoffrey Hinton, Jeff Dean, Fei-Fei Li, Pieter Abbeel, and Raquel Urtasun.

Media Contact

GlobeNewswire Distribution ID 8854627

Duck Creek Technologies Rated a Luminary in Celent’s 2023 Insurer Stand-Alone Rating Engines North America and Global Reports

Boston, June 08, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of Property and Casualty (P&C) and general insurance, earns Luminary status in Celent’s 2023 North America and global reports, Insurer Stand-Alone Rating Engines. Duck Creek’s rating solutions have been recognized in the report’s highest-ranking category for advanced technology and breadth of functionality.

This report provides an overview of Duck Creek Rating, which enables customers to rate 583,000 quotes per hour/per server of complex personal lines policies in a 100% horizontally scalable manner. In North America and across the globe, Duck Creek maintains an open platform and open ecosystem philosophy, offering over 100 pre-built and validated integration accelerators. This includes Duck Creek Rating Anywhere Integrations with Coherent, Akur8, AAIS, and Verisk. Celent’s report profiles key stand-alone rating engines and provides an overview of their functionality and technology. The report equips P&C insurance carriers with the knowledge and insights to evaluate the market’s best stand-alone rating engines for their business.

“Duck Creek is proud to continue to earn Celent’s highest Luminary ranking in North America and globally for our rating solutions,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “We are continuously seeking ways to modernize our technology and create evergreen solutions that cultivate a better user experience for our customers. Deploying frequent, fully automated updates with configurability enables us to do this.”

“Duck Creek was one of only two named Luminaries in the report, which is our highest designation,” said Karlyn Carnahan, Head of Insurance for Celent. “Not only does the distinction celebrate the most advanced technology in the rating space, but it also recognizes the solutions with the most expansive functionality. Duck Creek’s solution ranked high in both categories.”

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly owned subsidiary of Marsh McLennan Companies. [NYSE: MMC]. For more information, visit Follow Celent on Twitter @Celent_Research.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
+1 201 962 6091

GlobeNewswire Distribution ID 8854376

Growth in Patient and Medical Community Engagement in NASH Community Persists Despite Recent Regulatory Disappointment

Global Liver Institute Convenes Largest Number of Community Events around the World in the 6 Years of International NASH Day

Washington, D.C., June 08, 2023 (GLOBE NEWSWIRE) — Today is International NASH Day, a time where healthcare experts and community members around the globe step up and raise awareness of the most common liver disease in the world – nonalcoholic fatty liver disease (NAFLD) – and it’s more severe form, nonalcoholic steatohepatitis (NASH).
Fatty liver disease is a condition in which excess fat builds up in the liver, which can lead to scarring and cirrhosis (permanent damage that impairs liver function). An estimated 25% of the global population, or about 2 billion people, are affected by NAFLD. 20% of those with NAFLD progress to NASH.
International NASH Day 2023 is endorsed by 30 medical specialty societies from around the world, and more than 50 global organizations, from research institutions to community organizations to medical centers and more, will be hosting events to inform and educate their communities.
“By releasing new, multilingual resources to help patients access NASH diagnostics and treatment, leading even more awareness and educational events worldwide, and continuing to foster opportunities for patients to step up and speak out, GLI and its partners are stepping up for those with or at risk of NASH this year,” shared Donna R. Cryer, JD, President and CEO of Global Liver Institute. “We have been heartened through collaboration with the broader patient advocacy community on health technology assessment (HTA) and regulatory processes. Together we have made certain that the patient voice is the clear, powerful force that it ought to be.”
While NASH can develop at any point in life, many of the factors that heighten an individual’s risk of developing NASH are well-known, including overweight or obesity, type 2 diabetes, and high blood pressure.
Despite established risk factors, too often patients in high-risk groups are still not triaged, not screened, and not connected to the care they require. We are grateful that, just this year, several societies have updated their treatment guidelines for identifying and caring for NAFLD/NASH to reflect our best current understanding of the disease. We are grateful to the scientists who have expanded our understanding of – and ability to control – the disease. It is time for health systems to step up and invest effort in operationalizing these new guidelines.

We urge health system leaders to step up and examine the NASH patient pathway, identify where patients are lost, and bolster those processes.
We encourage primary care and endocrinology providers to step up and learn which of their patients are at heightened risk of NAFLD/NASH – and to connect them to the screening they need.
We challenge the media to step up against the stigma and cover stories about NAFLD/NASH and liver health, especially when discussing obesity, type 2 diabetes, and other risk factors.
We implore regulators to step up for the livelihood of the millions of patients around the world whose lives are affected by NAFLD/NASH.

Clear, strong connections between primary care providers, specialists, and intervention support are all critical – and within reach – to help more patients find and stop the progression of NASH while they have the opportunity.
“It can be overwhelming how widespread the chronic, progressive disease of NAFLD and NASH has become. Those at risk should know they are supported and empowered to step up for a healthier liver,” encouraged Jeff McIntyre, VP of Liver Health Programs at Global Liver Institute. “Ask your doctor for a screening if you have a risk factor – and receive the treatment you need before the disease progresses. Individuals can make small changes with big impacts to support better liver health through better nutrition and incorporating more movement into their daily habits. Although fatty liver disease can progress, it can be controlled if caught early. Get screened now for a healthy liver.”
It’s time to #StepUpforNASH!

Join the Movement
Get tested! Check if you are at risk for NAFLD/NASH and make a note to talk to your primary care provider at your next appointment.
Support the #NASHday social media campaign using hashtags #NASHday #StepUpforNASH. Please direct any additional questions to

About Global Liver Institute 
Global Liver Institute (GLI) is a patient-driven 501(c)3 nonprofit organization headquartered in Washington, DC, with offices in the EU and UK, founded in the belief that liver health must take its place on the global public health agenda commensurate with the prevalence and impact of liver disease and the importance of liver health to well-being. GLI promotes innovation, encourages collaboration, and supports the scaling of optimal approaches to improve research, care, and policy. By bringing together more than 200 community-based, national, and international organizations across its councils, campaigns, and events, GLI equips advocates to identify and solve the problems that matter to liver patients. Follow GLI on Twitter, Facebook, Instagram, LinkedIn, and YouTube. GLI is the global host of International NASH Day.
International NASH Day and its logo are registered trademarks of Global Liver Institute.

Christine Maalouf
Global Liver Institute

GlobeNewswire Distribution ID 8854884

Tech-facilitated gender-based violence is an international, human rights concern, finds new research

San José, Costa Rica, June 08, 2023 (GLOBE NEWSWIRE) — A report released today by the Centre for International Governance Innovation (CIGI) at the 12th RightsCon summit in Costa Rica reveals that almost 25% of people who experience online harm feel they are targeted due to their gender identity. It says the most prevalent, frequent and severe experiences of online harm occur among transgender and gender-diverse people.

The report, Supporting Safer Digital Spaces, analyzes data from the first statistically meaningful survey of women’s and LGBTQ+ individuals’ online experiences focused on the Global South. It covers 18,000 respondents of all genders in 18 countries.

Key findings include:

  • Nearly 60% of all respondents experienced some form of online harm — almost 25% of them felt they were targeted because of their gender identity.
  • Almost one in three respondents (30%) who have experienced some form of online harm and who identified as transgender or gender-diverse reported severe impacts to their mental health, including their desire to live.
  • Almost 30% of women reported negative impacts to their mental health and 23% felt that they could no longer engage freely online after experiencing online harms.

Online harms, which are forms of technology-facilitated violence (TFV), can range from impersonation to doxing, from physical threats to the non-consensual distribution of intimate images and deliberate personal attacks on communications channels. Even after serious incidents of TFV, many people do not seek help — the survey found that 40% of participants did not reach out to anyone after experiencing online harm.

“Due to increased sexism, homophobia, transphobia and violent threats online, many women and LGBTQ+ people are having to choose between facing the abuse that comes with being a woman or LGBTQ+ online or being silent. This abusive behaviour leads to real harms in both the digital and physical world and there are few supports available to people targeted by TFV,” said CIGI Senior Fellow Suzie Dunn, lead author of the report, which details 87 recommendations to address technology-facilitated violence through educational campaigns, legal and policy resources, tools for support and non-governmental resources.

“Right to life and liberty and right to freedom of opinion and expression are basic human rights,” said Anja Kovacs, an independent researcher and consultant on internet and data governance from a feminist perspective, who advised CIGI. “TFV steals these rights from women, LGBTQ+ people and equity-seeking groups. Governments, technology companies, civil society organizations, researchers, academics and think tanks must work together to eradicate TFV.”

The 18 countries surveyed by global market research firm Ipsos, with funding from Canada’s International Research Development Centre, are Algeria, Argentina, Brazil, Canada, Chile, China, Colombia, Ecuador, France, Germany, India, Jordan, Kenya, Saudi Arabia, South Africa, Tunisia, the United Arab Emirates and the United States.

To read the report and access individual country results from the survey, please visit:

– 30 –


Rebecca MacIntyre
Centre for International Governance Innovation

GlobeNewswire Distribution ID 8853381

Global Fishing Watch to reveal all human activity at sea with investment through The Audacious Project

USD $60 million funding will catalyze a new initiative to apply AI and satellite data to help end illegal fishing and safeguard the ocean

WASHINGTON, D.C., June 08, 2023 (GLOBE NEWSWIRE) — Global Fishing Watch has received a five-year USD $60 million commitment through The Audacious Project to leverage open data and emerging technology to revolutionize global ocean management. Over the next five years, the ocean conservation nonprofit will publicly map more than one million ocean-going vessels and all fixed infrastructure at sea.

Housed within TED, a nonprofit dedicated to “ideas worth spreading,” The Audacious Project selects a cohort of projects every year that represent bold solutions to critical challenges facing the world. By connecting these ambitious initiatives with an inspiring group of donors and supporters, The Audacious Project helps accelerate big ideas and amplify the overall impact of the work.

Global Fishing Watch’s chief executive officer, Tony Long, delivered a TED Talk released on World Ocean Day (June 8) describing the organization’s pioneering project to map and monitor all industrial activity at sea and make this knowledge freely available to the world.

“Shockingly, little is known about human activity taking place across more than two-thirds of our planet’s surface. This must change if we’re to restore our ocean’s health,” said Tony Long, chief executive officer at Global Fishing Watch. “We’re honored to receive this catalytic funding through The Audacious Project, which clearly signals support for our innovative technology to tackle the urgent crisis in our ocean. With this investment, we can transform how we manage the ocean by making the invisible visible.”

Founded in 2015 as a collaboration between Oceana, SkyTruth and Google, Global Fishing Watch has demonstrated the power of artificial intelligence and satellite data to shine a light on global fishing activity. The nonprofit built the first-ever map to visualize and publicly track industrial fishing vessels—some 70,000 boats—in near real-time.

Under this open ocean project, Global Fishing Watch will combine GPS data with millions of gigabytes of satellite imagery and use machine learning to publicly display the activity of all industrial fishing vessels and hundreds of thousands of small-scale fishing boats and cargo ships. It will also map all stationary infrastructure at sea like aquaculture pens, wind farms and oil rigs, opening an online window onto our impact across our blue planet for the first time.

“Today, anyone can freely access satellite imagery to explore every road and building on land with just a few clicks of a mouse. We want to do the same for the ocean: create a complete, dynamic map of all industrial activity at sea that’s free for anyone to view and use,” said David Kroodsma, director of research and innovation with Global Fishing Watch. “Our initiative is audacious. It is new, big and bold. We’re driven by the potential for impact—and that potential is hugely exciting.”

Ocean stewardship efforts have been hampered by the absence of accurate and actionable information. Many governments lack the resources needed to process and analyze data on where and when their boats are fishing and what they are catching, or monitor other human activity at sea. The open ocean project will unleash a new wave of open data and transparency in ocean governance.

“To protect the ocean, we need to see and understand everything that happens at sea. And we need to empower institutions and people to act on that knowledge,” added Paolo Domondon, chief program officer with Global Fishing Watch. “We’ll enable governments to improve the management of their waters to better protect the marine environment and the people who rely on it – both by using our technology platform and by co-creating tools that meet their own specific needs.”

The project will receive $60 million in funding from multiple donors, including the Acton Family Giving, Ballmer Group, Becht Foundation, Oak Foundation, Laura and Gary Lauder and Family, Lyda Hill Philanthropies, MacKenzie Scott, Sea Grape Foundation and Valhalla Foundation, among others.

“The audacious work being done by Global Fishing Watch will transform how we see the ocean and our place in it. We are running out of time to protect this important life support system and the marine biodiversity that we all depend on,” said Anna Verghese, executive director at The Audacious Project. “We are excited about the change Global Fishing Watch will catalyze over the coming years with this surge in support.”

Ultimately, Global Fishing Watch aims to raise an additional USD $60 million to match funds secured through The Audacious Project, which will support the organization’s international program working with governments and civil society to harness open data and usher in a new era of transparency toward ocean governance. The investment from new donors along with established funding partners such as Bloomberg Philanthropies and Oceankind are generating momentum toward the organization’s goal.

“Understanding human activity and its impacts on the ocean is critical not only for the health of marine ecosystems and the people who depend on them but preserving our planet against the threats of climate change,” said Antha Williams, who leads the environment program at Bloomberg Philanthropies. “Global Fishing Watch’s long standing partnership with Bloomberg Philanthropies, Oceana, the Outlaw Ocean Project, and others has helped transform how our ocean is managed. This new investment in cutting-edge technology will help uncover even more vital data to protect valuable resources, promote sustainable practices, and mitigate the effects of climate change.”

Notes to the editor:

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all.

The Audacious Project: Launched in April 2018, The Audacious Project is a collaborative funding initiative that’s catalyzing social impact on a grand scale. Housed at TED, the nonprofit devoted to Ideas Worth Spreading, and with support from leading social impact advisor The Bridgespan Group, The Audacious Project convenes funders and social entrepreneurs with the goal of supporting bold solutions to the world’s most urgent challenges. The funding collective is made up of respected organizations and individuals in philanthropy, including Bill & Melinda Gates Foundation, ELMA Philanthropies, Emerson Collective, MacKenzie Scott, Skoll Foundation, Valhalla Foundation, and more. Each year The Audacious Project supports a new cohort. The 2023 grantees are CAMFED, Canopy, Clean Slate Initiative, Global Fishing Watch, Innovative Genomics Institute, Jan Sahas’ Migrants Resilience Collaborative, ReNew2030, Restore Local, Think of Us, and Upstream USA.


Sarah Bladen
Global Fishing Watch

GlobeNewswire Distribution ID 8854515

NIFST urges FG to strengthen food standards, safety for global acceptability

The Nigerian Institute of Food Science and Technology (NIFST) has urged the Federal Government to strengthen food standards and safety systems to reposition Nigerian foods for global acceptability.

Prof. Abu Oneh, National President of NIFST, made the remark on Thursday during the ninth Regional Food Science and Technology Summit/ NIFST Day Celebration in Lagos.

The theme of the event was: “Repositioning Nigerian Foods for Global Market Accessibility”.

Oneh, who was represented by Dr Bola Osinowo, First Vice-President of NIFST, said that the key challenges facing Nigerian foods in the global market were from issues of food safety.

Oneh said the challenges faced by the food sector included lack of awareness of the socio-economic importance of food safety, inability to enforce compliance with local, regional, international standards and global best practices.

He noted that other issues were inadequate infrastructure and resources to support scientific risk analysis and upgrading of food safety regulatory system.

“We are also faced with inefficient food supply chain, standard method of produce inspection, grading food safety and poor traceability system customised to Nigerian conditions for both large and small scale growers.

“There is an urgent need to strengthen the existing food standard and safety systems at the federal, state and local level to achieve a safe and reliable food supply chain within Nigeria and beyond,” Oneh said.

He said that policies from the national to the global level needed to support the transition toward sustainable food and farming systems in a coherent and targeted manner.

Oneh said that ensuring stakeholder coordination as well as creating a standard system for food safety inspection, origin tracking and nutrition labelling was necessary.

“Nigeria spends huge amount of scarce foreign currency on importation of various food products compared to what it earns from export.

“We need to promote locally processed foods globally, because this will not only boost the economy of the country but also increase the availability of healthy locally sourced foods in a sustainable manner,” Oneh said.

He noted that NIFST as a body would continue to contribute to the provision of skilled manpower which was essential for promotion of the production of pre-packaged, safe and globally competitive finished foods in Nigeria for exports.

Oneh said NIFST would achieve this by constituting working groups to address respective technical gaps in packaging, warehousing and preservation methods for agricultural produce along the value chain.

Also, Mr Olugbenga Aina, Chairman of NIFST Lagos Chapter, said that the need to encourage local industries and farmers on the key indicator of food accessibility which included crop production, market access and diet diversity could not be overemphasized.

He noted that the demand for Nigerian food globally was on the increase, adding that the food had to meet standard dietary needs for active and healthy life.

In her remarks, Mrs Kikelomo Amoreoluwa, Vice Chairman of NIFST Lagos Chapter, said the event was organised to discuss the bottlenecks hindering the exports of Nigerian foods globally.

She said it was also aimed at encouraging food science and technology graduates to work in the sector, to gain certain experiences for them to be better food processors and grasp good agricultural practices.

Speaking on food safety and security, Mrs Veronica Alaba, Chairman, Local Organising Committee, NIFST, said it was necessary to follow standard procedures before exporting foods out of the country to avoid rejection.

She said that farmers had a big role to play in ensuring food safety because they were the ones saddled with food production.

Alaba said it was essential for them to follow good agricultural practices by ensuring that they use the right fertilisers for planting crops.

She also urged farmers to desist from using harmful chemicals to ripen fruits, noting that such could cause severe health issues for consumers.

Source: News Agency of Nigeria