Cohere Prepares for IPO

Cohere announced that it surpassed $240 million in annual recurring revenue in 2025. This achievement solidifies the Canadian company's position in the enterprise artificial intelligence market and paves the way for a potential Initial Public Offering (IPO).

Cohere's growth highlights the increasing demand for AI solutions from companies looking to integrate large language models (LLMs) into their operations. The market is rapidly expanding but also becoming increasingly competitive, with the presence of established players such as OpenAI and Anthropic.