As the top AI labs prefer Google, anthropicAnd OpenAI While chasing enterprise adoption, Canadian AI startup Cohere has been quietly cleaning up.
The startup told investors in a memo that it surpassed its $200 million annual recurring revenue target in 2025, reaching $240 million, with quarter-on-quarter growth of more than 50% over the full year. Per CNBC.
Fog was founded in 2019 and is Support of enterprise technology investors Like Nvidia, AMD and Salesforce. The startup’s core technology is the Command family of generative AI models, which Cohere says are efficient enough to deploy on limited GPUs — an attractive promise for enterprises looking to get a handle on costs and resource management.
last summer, fog launched northA high-end enterprise platform and AI workspace for secure, custom AI agents and workflows built on Cohere’s model.
Cohair CEO Adan Gomez said last October that the startup could launch an IPO “soon.” If “soon” means in 2026, then Cohere could be competing against OpenAI, Anthropic, and SpaceX/XAI, which are reportedly weighing public debuts of their own.
