03:34 PM EDT, 10/20/2025 (MT Newswires) -- Cohere, the Nvidia ( NVDA ) -backed artificial intelligence startup recently valued at about $7 billion, said Monday it will hold a secondary sale allowing employees to sell shares to outside investors, Bloomberg reported.

The company, co-headquartered in Toronto and San Francisco, said the tender offer gives employees an opportunity to cash out before a potential listing or acquisition. Cohere also said annualized revenue has reached $150 million, up from $100 million in May, according to the report.

Cohere has raised about $1.6 billion, including a $500 million round in August led by Radical Ventures and Inovia Capital, with participation from Nvidia ( NVDA ) and AMD Ventures, the report said.

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