-20%

est. 2Y upside i

AI & MLSeries D+

Enterprise AI platform providing large language models for business applications

Rank

#2645

Sector

Enterprise AI / LLMs

Est. Liquidity

~2Y

Data Quality

Data: Medium

Cohere offers credible near-term IPO and genuine enterprise traction in sovereign AI. $7B val prices in substantial growth.

Last updated: March 20, 2026

Bull (30%)+100%

IPO at $12-14B by mid-2026 on $400M+ ARR, sovereign AI momentum.

Base (45%)+30%

IPO at $8-9B, ARR $350M but growth decelerating. Modest premium.

Bear (25%)-40%

IPO delayed, hyperscaler bundling erodes pipeline, down-round.

Est. time to liquidity~1.5 years

Preference Stack Risk

high

Funding Intensity

21%

$1.5B raised; $600M Series E preferences absorb downside first.

Dilution Risk

moderate

Pre-profitability; bridge round possible if IPO delays.

Secondary Liquidity

moderate

Forge/Carta possible; IPO primary liquidity event.

Business Operations — 7 roles

People Operations — 6 roles

Embeddings & Search — 2 roles

Government & Public Policy — 1 role

View all 123 open roles at Cohere →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Cohere's data — designed to show you've done your homework.

  • 1

    “Current ARR and NRR?”

  • 2

    “Moat vs Azure OpenAI/Vertex?”

  • 3

    “IPO timeline and lock-up terms?”

Cluster Peers

Expected Upside

Cohere
-20%
Cohere
-29%
Mistral AI
-34%
Anthropic
-59%
Perplexity
-68%
Hugging Face
-73%

Community

Valuation Sentiment

Our model estimates -20% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.