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Private and local AI Supplier to the AI builders

Cohere

Canadian company that builds enterprise AI models and mostly sells them for private or on-premise use.

Revenue
About $240M annualised recurring revenue at end 2025 (reported)
Value
About $7B (Sep 2025)
Growth
Sacra estimates revenue rose about 287% in 2025, from about $62M at end 2024
Based in
Toronto, Canada
Listed
Private
Why it is winning

Reportedly about 85% of revenue comes from private or on-premise deployments, which suits regulated buyers.

The risk to watch

Reports of a 2026 merger and a new round are not confirmed.

Money coming in

Who pays Cohere, and for what.

Money going out

Who Cohere pays to do what it does.

No suppliers of Cohere mapped yet.

Where it sits on the map

Competitors and neighbours

Sources: valueaddvc.com, sacra.com

The map updates three times a week.

241 companies across 25 areas, 62 money flows and 89 openings so far. New research lands every Tuesday, Thursday and Saturday.

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