"The startup told investors in a memo that it surpassed its $200 million annual recurring revenue target in 2025, hitting $240 million with quarter-over-quarter growth of more than 50% throughout the year, per CNBC. Cohere was founded in 2019 and has the backing of enterprise tech investors like Nvidia, AMD, and Salesforce."
"The startup's core tech is its Command family of generative AI models, which Cohere says are efficient enough to be deployed on limited GPUs - an attractive promise for enterprises looking to get a handle on cost and resource management."
"Last summer, Cohere launched North, a higher-level enterprise platform and AI workspace for secure, custom AI agents and workflows built on Cohere's models. Cohere's CEO Aidan Gomez said last October that the startup may IPO "soon." If "soon" means in 2026, Cohere may be contending against OpenAI, Anthropic, and SpaceX/xAI, which are all reportedly weighing their own public debuts."
Cohere surpassed its $200 million annual recurring revenue target in 2025, achieving $240 million and maintaining quarter-over-quarter growth exceeding 50% throughout the year. The company was founded in 2019 and counts investors such as Nvidia, AMD, and Salesforce. Cohere's Command family of generative AI models is designed for efficiency, enabling deployment on limited GPUs to help enterprises control costs and resources. Last summer Cohere launched North, an enterprise platform and AI workspace for secure, custom AI agents and workflows. CEO Aidan Gomez indicated a potential IPO soon, which could place Cohere alongside other major AI firms if public debuts occur in 2026.
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