{"id":87465,"date":"2025-10-20T21:26:07","date_gmt":"2025-10-20T21:26:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/87465\/"},"modified":"2025-10-20T21:26:07","modified_gmt":"2025-10-20T21:26:07","slug":"nvidia-backed-cohere-to-offer-secondary-sale-of-employee-shares","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/87465\/","title":{"rendered":"Nvidia-Backed Cohere to Offer Secondary Sale of Employee Shares"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Cohere Inc., the Nvidia Corp.-backed artificial intelligence startup that raised funds at a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-24\/nvidia-backed-cohere-valued-at-7-billion-as-new-capital-flows-in\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">$7 billion<\/a> valuation a month ago, is holding a so-called tender for employees who want to sell their stakes in the company to outside investors.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Current employees are being offered the chance to participate in the secondary sale, the company said Monday, as opposed to waiting for a public listing or takeover to cash out. The firm, co-headquartered in Toronto and San Francisco, also said it has reached $150 million in annualized revenue, a projection of a company\u2019s sales over the course of a year based on recent performance. That\u2019s up from $100 million in May. <\/p>\n","protected":false},"excerpt":{"rendered":"Cohere Inc., the Nvidia Corp.-backed artificial intelligence startup that raised funds at a $7 billion valuation a month&hellip;\n","protected":false},"author":2,"featured_media":87466,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,12808,59845,85,46,442,1677,4674,7130,303,125,647,10750],"class_list":["post-87465","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-chief-executive-officer","tag-cohere-inc","tag-il","tag-israel","tag-london","tag-nvidia-corp","tag-san-francisco","tag-software","tag-startups","tag-technology","tag-toronto","tag-valuation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/87465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=87465"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/87465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/87466"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=87465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=87465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=87465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}