Cohere to Allow Employees to Sell Shares in Secondary Sale

October 21, 2025
Nvidia-backed AI firm Cohere is launching a tender offer allowing employees to sell shares to outside investors, as its annualized revenue reaches $150 million.
Cohere to Allow Employees to Sell Shares in Secondary Sale
Image: Cohere

Cohere, the artificial intelligence company backed by NVIDIA, is offering employees the option to sell their shares to outside investors through a secondary sale, reports Bloomberg. The move enables current staff to cash out without waiting for a public offering or acquisition.

The Toronto- and San Francisco-based firm stated that it has reached $150 million in annualized revenue, an increase from $100 million reported in May. The company recently raised funds at a $7 billion valuation following a $500 million round in August and an additional $100 million in September.

Founded in 2019, Cohere develops customizable AI software for businesses with a focus on data security. The company recently appointed Joelle Pineau, formerly of Meta, as chief AI officer, and Francois Chadwick, previously with Uber, as chief financial officer.

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