Nvidia-Backed Cohere's Revenue Surpasses $70 Million as AI Startup Weighs Employee Share Sales
Cohere, an artificial intelligence startup backed by Nvidia (NVDA, Financials), has seen its annualized revenue exceed $70 million, more than tripling in the past year. The Canada-based firm, valued at $5.5 billion as of last summer, also counts Salesforce (CRM, Financials), Cisco (CSCO, Financials), and AMD Ventures (AMD, Financials) among its investors. Cohere is considering allowing employees to sell shares, a move that could provide liquidity for early stakeholders.
- This shift towards employee share sales highlights the evolving landscape of startup financing, where companies are increasingly exploring alternative models to traditional venture capital.
- How will Cohere's decision on employee share sales impact the broader AI industry, particularly in terms of talent retention and competition among startups?