Cohere’s $240M year sets stage for IPO

Here’s something that caught my attention — Cohere, the Canadian AI company, hit over $240 million in recurring revenue last year. That’s huge, especially considering the fierce race in enterprise AI. According to Rebecca Bellan in TechCrunch, this revenue spike shows just how hungry the market is for smarter, more adaptable AI tools. What’s fascinating is how Cohere is now positioning itself for a potential IPO, even as giants like OpenAI and Anthropic crank up the competition. The key here? Their focus on enterprise solutions is paying off, and investors are clearly noticing. But here’s where it gets interesting — Cohere’s rapid growth isn’t just about numbers. It’s about leadership, innovation, and the race to become the go-to AI platform for businesses. As Rebecca points out, this momentum could mean big things ahead — maybe even a stock market debut soon. So what does this mean for the AI landscape? Keep an eye on Cohere, because they’re definitely shaking things up.