Nvidia-backed Cohere offers employees to cash out via secondary deal
21 Oct 2025, 02:24 PMThis comes after Cohere raised an additional $100 million in September at a $7 billion valuation.
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AI startup Cohere, which counts Nvidia and Salesforce Ventures as its investors, is offering its employees to cash out their holdings via a secondary share sale, the Bloomberg reported.
As part of the deal, Cohere is holding a tender for employees who want to sell their stakes in the company to outside investors, it said without disclosing the names of the investors and the amount it could potentially raise.
The startup has touched $150 million in annualized revenue, higher than $100 million achieve in May, it added.
This comes after Cohere raised an additional $100 million from investors including Business Development Bank of Canada (BDC) and Nexxus Capital Management in September at a $7 billion valuation.
The additional funding was part of its second close to its funding round announced in August when it had raised $500 million at a $6.8 billion valuation in an oversubscribed round led by Radical Ventures and Inovia Capital.
Cohere's other investors include AMD Ventures, PSP Investments, and Healthcare of Ontario Pension Plan.
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