Consultancy giant McKinsey said it had struck a partnership with artificial intelligence startup Cohere in an effort to provide AI solutions to its enterprise clients.
"We are seeing our clients consider cost, IP protection and consumer privacy, and how the model is trained. We found Cohere to be one of the great solutions out there," Ben Ellencweig, senior partner at McKinsey, told Reuters in an interview. The two companies said they have worked together to serve companies across industries, from financial services to retail, without disclosing any names.
Last month, Cohere raised $270 million from investors including Nvidia, Oracle and Salesforce Ventures at a $2.2 billion valuation.
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