Cohere

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While it doesn't have as high a profile as competiotrs OpenAI and Anthropic, Cohere, an AI model developer created by Google Brain alumni, aims to be the AI platform for enterprises. Cohere builds large language models that companies can use to incorporate AI into things like copywriting and search and summarization of texts and web pages. The four-year-old startup’s products have caught on with a host of companies, including Spotify, Oracle, and Jasper. But feeding sensitive data into large language models has sparked a broader concern over privacy. To prevent companies’ proprietary data getting in the wrong hands, Cohere says, it provides services directly to the companies—be that with its existing cloud provider or on-site—so they can control their own data. In June, Cohere announced it had secured a $270 million Series C funding round from investors including Index Ventures as well as mega tech, software, and chip players Nvidia, Oracle, and Salesforce. Earlier this year the company also launched its enterprise AI assistant, Coral. "It’s a big challenge to stay ahead of the curve in terms of our models," Aidan Gomez, Cohere's cofounder and CEO, told Fortune in a note, but "it’s an exciting time to be working in the space."

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Cohere

Cohere in Fortune Rankings

Cohere in Fortune Rankings