Cohere, an AI model developer based in Toronto and San Francisco, hopes to make its public market debut soon, according to CEO Aidan Gomez.

Gomez said that the company may also consider a listing on the London Stock Exchange if sufficient investment capital is available.

Cohere recently raised new funding at a US$7 billion valuation and is holding a tender for employees to sell their stakes to outside investors.

Founded in 2019, Cohere develops customizable AI software for businesses and has reached a projected annualized revenue of US$150 million, up from US$100 million in May.

🔗 Source: Bloomberg

Recent Cohere developments