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

Oct 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.

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