Cohere, a $7B AI firm, is preparing for an IPO amid global expansion and strong revenue growth.

Enterprise AI company Cohere, founded in 2019 by former Google researchers, says it could go public soon, with CEO Aidan Gomez citing a clear path to profitability before 2029. The company, valued at $7 billion and generating $150 million in annual recurring revenue, is expanding globally and has reduced reliance on the U.S. market. It recently completed a secondary share sale for employees and appointed a new CFO, signaling preparation for an IPO, though no specific timeline has been set.