Cohere

Cohere is a pioneering AI company focused on delivering enterprise-grade solutions that leverage the power of large language models. Founded in 2019 by AI experts including Aidan Gomez, co-author of the influential "Attention Is All You Need" paper, Cohere differentiates itself by offering cloud-agnostic AI models that can be deployed across various environments, including public clouds and on-premises servers. Their flagship products, Coral and Command, cater to diverse business needs, from generating text to providing tailored knowledge assistance, ensuring that companies can harness their unique data effectively.

With an impressive annualized revenue of $100 million as of May 2025, Cohere has established a robust revenue model that combines usage-based API fees with fixed licensing subscriptions. Approximately 85% of their revenue comes from private deployments with major clients like Oracle and LG, highlighting their strong foothold in the enterprise sector. The company recently raised $270 million in a Series C funding round, achieving a valuation of $2.2 billion, with discussions indicating a potential increase to nearly $3 billion.

Cohere's commitment to enhancing business operations through AI sets it apart from competitors like OpenAI, as it focuses exclusively on enterprise applications without a consumer-facing product. Looking ahead, Cohere aims to expand its capabilities by integrating search and retrieval functionalities, further solidifying its position as a leader in the AI landscape.