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Story summary
- Cohere Inc., a Canadian AI startup, surpassed $240 million in annual recurring revenue in 2025, exceeding its $200 million target.
- Cohere was founded in 2019 by a group of engineers.
- Cohere has posted over 50% quarter-over-quarter growth in revenue.
- Cohere plans a potential IPO in 2026.
- Cohere's AI models require 30–40% lower inference costs than competitors today.
