Cohere (COHERE) Surpasses $240M ARR in 2025, Signals Potential 2026 IPO

Cohere (COHERE) reported 2025 annual recurring revenue of $240 million, exceeding its $200 million target, with quarter-over-quarter growth exceeding 50%, according to CNBC. The AI startup, founded in 2019 and backed by Nvidia, AMD, and Salesforce, markets efficient Command generative AI models deployable on limited GPUs and launched its North enterprise platform for secure, custom AI agents and workflows in late 2025. CEO Aidan Gomez stated in October that an IPO is “soon,” with a potential 2026 filing as it prepares to compete with OpenAI, Anthropic, and xAI.