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Enterprise AI startup Cohere tops revenue target as momentum builds to IPO: Investor memo

Aidan Gomez, chief executive officer of Cohere Inc., at the Bloomberg Tech summit in London, UK, on Tuesday, Oct. 21, 2025. Chris Ratcliffe | Bloomberg | Getty ImagesArtificial intelligence startup Cohere has told investors that it's seeing momentum with enterprise customers, even as rivals like Google, Anthropic and OpenAI claw for market share. Cohere hit roughly $240 million in annual recurring revenue last year, surpassing its $200 million target, according to a February investor memo viewed...

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