Cohere, the Toronto-based startup building large language models for business customers, has long had a lot in common with its hometown hockey team, the Maple Leafs. They are a solid franchise and a big deal in Canada, but they've not made a Stanley Cup Final since 1967. Similarly, Cohere has built a string of solid, if not spectacular, LLMs and has established itself as the AI national champion of Canada.
It's knowing that the city itself wants you to to build something great, is willing to actually put the money where the mouth is, right? And help you do that.
Nominal plugs into a company's existing enterprise resource planning (ERP) system and helps CFOs and controllers automate tasks to reduce manual work and errors.
"It's such a critical part of the internet," Sinha, a partner at Point72 Ventures, said regarding the creator economy's enduring significance. He noted that initial hype might have subsided but remains confident in its importance.
Cursor is capitalizing on the disparity in the AI startup landscape by acquiring talent from startups like Koala to enhance its enterprise offerings and compete with major players.
