AI Startup Cohere Projects $200 Million Revenue Pace as New Funding Nears

Cohere, a Canadian artificial intelligence developer that competes with Anthropic and OpenAI, has sustained one of the richest valuations in the industry as a multiple of the relatively modest revenue it generates.

Now it’s told investors that sales are picking up—enough to entice existing shareholders to sink more money into the six-year-old company at a higher valuation.