<p id="speakable-summary" class="wp-block-paragraph">As the top AI labs like <a href="https://techcrunch.com/2025/10/09/google-ramps-up-its-ai-in-the-workplace-ambitions-with-gemini-enterprise/">Google</a>, <a href="https://techcrunch.com/2026/01/09/anthropic-adds-allianz-to-growing-list-of-enterprise-wins/">Anthropic</a>, and <a href="https://techcrunch.com/2025/12/08/openai-boasts-enterprise-win-days-after-internal-code-red-on-google-threat/?_thumbnail_id=3073655">OpenAI</a> chase enterprise adoption, Canadian AI startup Cohere has been quietly cleaning up.</p>
<p class="wp-block-paragraph">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, <a href="https://www.cnbc.com/2026/02/13/ai-startup-cohere-revenue-ipo.html" target="_blank" rel="noreferrer noopener nofollow">per CNBC</a>.</p>
<p class="wp-block-paragraph">Cohere was founded in 2019 and has the <a href="https://techcrunch.com/2025/09/24/cohere-hits-7b-valuation-a-month-after-its-last-raise-partners-with-amd/">backing of enterprise tech investors</a> 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. </p>
<p class="wp-block-paragraph">Last summer, <a href="https://techcrunch.com/2025/08/06/coheres-new-ai-agent-platform-north-promises-to-keep-enterprise-data-secure/">Cohere launched North</a>, a higher-level enterprise platform and AI workspace for secure, custom AI agents and workflows built on Cohere’s models. </p>
<p class="wp-block-paragraph">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.</p>
<p class="wp-block-paragraph">TechCrunch has reached out to Cohere for comment. </p>
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