Cohere Plans IPO as CEO Aidan Gomez Says Listing Could Come 'Soon'

October 22, 2025
Cohere CEO Aidan Gomez said the AI startup is preparing for an initial public offering 'soon' and may consider listing in London if investor interest is strong. The company, valued at $7 billion, projects profitability before 2029.

Cohere plans to go public "soon," Chief Executive Officer Aidan Gomez said during an interview at Bloomberg Tech in London, according to Bloomberg. The AI company, which focuses on enterprise software, is also open to listing on the London Stock Exchange if there is sufficient investor capital.

Cohere, co-headquartered in Toronto and San Francisco, was recently valued at $7 billion following a new funding round. The firm has reached $150 million in annualized revenue, up from $100 million earlier this year. Gomez said the company is on a path to profitability and expects to turn a profit before 2029.

Founded in 2019, Cohere builds customizable AI tools for businesses, emphasizing secure systems for handling sensitive data. The company competes with larger rivals such as OpenAI and Anthropic in the enterprise AI market. Cohere recently appointed former Uber executive Francois Chadwick as its chief financial officer to support its financial operations ahead of the potential IPO.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)

More from: Funding

10/22
EQT Life Sciences and Nextech Lead $183 Million Series C for Electra Therapeutics
10/22
Sinecure Acquires The Second Shift to Expand AI-Powered Talent Platform
10/22
Second Nature Raises $22M Series B to Expand AI Roleplay Training Platform
10/21
Veeam to Acquire Securiti AI for $1.7 Billion
10/21
Hyro Raises $45 Million to Expand AI Agents for Healthcare

Subscribe to AI Funding Brief

AI Token Webinar

Market report

AI’s Time-to-Market Quagmire: Why Enterprises Struggle to Scale AI Innovation

ModelOp

The 2025 AI Governance Benchmark Report by ModelOp provides insights from 100 senior AI and data leaders across various industries, highlighting the challenges enterprises face in scaling AI initiatives. The report emphasizes the importance of AI governance and automation in overcoming fragmented systems and inconsistent practices, showcasing how early adoption correlates with faster deployment and stronger ROI.

Read more

You May Also Like