Coveo Solutions Inc T.CVO

Alternate Symbol(s): CVOSF

Technology Software - Application

Coveo Solutions Inc. is Canada-based company. Its software-as-a-Service (SaaS) artificial intelligence (AI) platform and suite of AI and generative AI models are designed to transform digital experiences across commerce, service, website, and workplace applications. Its AI platform connects to internal sources of content along with a variety of external sources to retrieve and index structured and unstructured content and combines this content with click-stream events and behavior patterns. The platform helps to determine what users are looking for in real-time, and learns which content delivers optimal outcomes based on a deep understanding of what worked best for others. As more data accumulates, the platform learns to better predict each user's needs, and then automatically recommends personalized content. Its Coveo Relevance Generative Answering capability integrates LLM technology with its platform to feed generative AI with a common, secured unified index and real-time content.

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Coveo Solutions Inc

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Post by retiredcfon Mar 20, 2023 9:04am

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Post# 35348448

Globe & Mail

08:27 AM EDT, 03/20/2023 (MT Newswires) -- Coveo (CVO.TO), an AI platform specifically built to make every digital experience relevant, issued Monday a statement regarding the events involving Silicon Valley Bank (SVB).

The company's shares fell 4.5% in Canada on Friday.

Coveo said it has an "immaterial" business impact from the closure of the Silicon Valley Bank even though the company has an operating account at SVB for one of its subsidiaries to make and receive payments.

Also, the company said the SVB situation does not materially impact its vendors, partners, or customers. Coveo will continue to monitor the situation closely.

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