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Technology | AI

Cohere, Supported by Nvidia, Announces Secondary Sale of Employee Shares

By Lynn Doan | October 20, 2025, 6:59 PM UTC

Cohere Inc., an artificial intelligence startup backed by Nvidia Corp., has announced plans to facilitate a secondary sale of employee shares. This move comes shortly after the company achieved a valuation of $7 billion just a month ago.

In a statement released on Monday, Cohere revealed that current employees would have the opportunity to sell their stakes to external investors, allowing them to realize gains without having to wait for a public offering or acquisition. The company, which operates out of Toronto and San Francisco, also highlighted its impressive growth, reporting an annualized revenue of $150 million—up from $100 million in May—indicating strong performance and increasing market presence.

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Source: Original