Cohere’s $240M public paves the way for an IPO

She also loves the best AI labs Google, Anthropicand OpenAI Chasing enterprise adoption, Canadian AI startup Cohere has been quietly cleaning up.

The startup told investors in a note that it surpassed its $200 million annual recurring revenue target in 2025, reaching $240 million with more than 50% quarterly growth over the year. According to CNBC.

Cohere was founded in 2019 and has… Supporting technology investors in enterprises Such as Nvidia, AMD, and Salesforce. The startup’s core technology is Command’s suite of generative AI models, which Cohere says is powerful enough to deploy on limited GPUs — an attractive promise for organizations looking to get a handle on cost and resource management.

last summer, Cohere launched Northa high-level enterprise platform and AI workspace for secure, personalized AI agents and workflows built on Cohere models.

Cohere CEO Aidan Gomez said last October that the startup may go public “soon.” If “soon” means in 2026, Cohere could be competing against OpenAI, Anthropic, and SpaceX/xAI, which are reportedly considering a public debut.

TechCrunch has reached out to Cohere for comment.