Cohere

Cohere, an AI startup, is showing strong enterprise growth, reporting $240 million in annual recurring revenue and over 50% quarter-over-quarter growth in 2025. This success comes amid intense competition from giants like Google, OpenAI, and Anthropic. Cohere’s strategy focuses on secure, scalable AI for businesses, particularly in regulated industries. The company’s capital-efficient model, generating revenue from software and offering flexible deployment options, contributes to its healthy gross margins and positions it for further expansion.