tech
February 13, 2026
Cohere's $240M Year Sets Stage for IPO
Cohere surpassed $240 million in annual recurring revenue in 2025, highlighting strong enterprise AI demand as the Canadian startup positions itself for a potential IPO amid intensifying competition from OpenAI and Anthropic.
TL;DR
- Cohere surpassed its $200 million annual recurring revenue target in 2025, achieving $240 million.
- The startup experienced over 50% quarter-over-quarter growth throughout 2025.
- Founded in 2019, Cohere is backed by enterprise tech investors including Nvidia, AMD, and Salesforce.
- Its core technology involves generative AI models designed for efficient deployment on limited GPUs.
- Cohere launched 'North,' an enterprise platform for custom AI agents and workflows.
- CEO Aidan Gomez suggested the startup might pursue an IPO 'soon,' potentially in 2026.
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