VC Masterclass: The Explosive AI Company With a Huge Niche
Cohere is redefining the AI stack with enterprise focus, capital discipline, and true differentiation
At Alumni Ventures, we invest in the builders shaping the next generation of transformative technology. When we first evaluated Cohere, we weren’t just looking at growth metrics — we were examining a differentiated approach in one of the most competitive markets in tech. This is the story of why we backed a company that’s quietly become one of the fastest-growing names in AI.
Cohere is one of the fastest-growing enterprise software companies of the AI era — doubling revenue since January 2025 and now surpassing $100M in ARR, just 2.5 years after its first dollar in. All without a consumer chatbot or a billion-dollar war chest.
The Canadian company specializes in natural language processing (NLP) and large language models (LLMs), offering APIs and developer-friendly tools that let enterprises integrate powerful AI into their operations. Cohere’s platform supports use cases like chatbots, semantic search, content generation, and data analysis — making advanced language AI accessible even to businesses without in-house AI teams.