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AI startup Perplexity in funding talks to more than double valuation to $8 bn

Livemint

Livemint · 9m ago

AI startup Perplexity in funding talks to more than double valuation to $8 bn

Perplexity, an artificial intelligence search company, is in talks to raise funds and increase its valuation to $8 billion or more. The company, which combines a search engine and AI chatbot, has raised three funding rounds in the past year, and its valuation has grown from $520 million to $3 billion. Perplexity aims to raise around $500 million in the new funding round. It currently earns revenue through premium subscriptions and plans to expand by selling advertisements. The startup has faced criticism from web publishers for allegedly using their content without permission. CEO Aravind Srinavas aims to maintain a cooperative relationship with news publishers.

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Perplexity plans to raise up to $1 bn at $18 bn valuation

Inshorts · 4m ago

Perplexity plans to raise up to $1 bn at $18 bn valuation

Perplexity AI is in early talks to raise up to $1 billion in funding at $18 billion valuation, Bloomberg reported. This new funding round could potentially double the AI startup's valuation from $9 billion as of December. Led by CEO Aravind Srinivas, the startup is backed by NVIDIA, Amazon Founder Jeff Bezos and Japan's SoftBank Group.

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Perplexity AI's value triples to $9 bn in latest funding round

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Musk's xAI seeks $20 bn funding at $120 bn valuation: Report

Elon Musk's xAI Holdings is in talks to raise $20 billion in fresh funding at a valuation of over $120 billion, Bloomberg reported. If successful, this would be the second-largest startup funding round after OpenAI's $40 billion raise at a $300 billion valuation last month. In March, Musk sold his social media platform X to xAI for $45 billion.

Perplexity raising new funds at $9 billion valuation: sources

Economic Times

Economic Times · 8m ago

Perplexity raising new funds at $9 billion valuation: sources

Search startup Perplexity is in talks to raise new funding that would value the company at $9 billion, reflecting investor enthusiasm in the AI industry. The California-based company is set to secure $500 million in funding, led by venture capital firm Institutional Venture Partners. Perplexity, which offers information search services, has already raised $73.6 million in Series B funding earlier this year. The success of OpenAI's ChatGPT has attracted investor interest in AI startups, prompting significant investments in language models. However, Perplexity has faced legal challenges, with publishers accusing the company of copyright infringement.

OpenAI Co-founder Ilya's startup seeks $20 bn valuation: Report

Inshorts · 5m ago

OpenAI Co-founder Ilya's startup seeks $20 bn valuation: Report

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Perplexity AI raises $73.6M in funding round led by Nvidia, Bezos, now valued at $522M

Business Today

Business Today · 1y ago

Perplexity AI raises $73.6M in funding round led by Nvidia, Bezos, now valued at $522M

Perplexity AI, a search startup, has raised $73.6 million in a Series B funding round led by Nvidia and Jeff Bezos. The company specializes in advanced search tools that provide instant answers with sources and citations. With this funding, Perplexity AI's valuation has reached $520 million. The startup plans to expand its team, enhance product development, and focus on global expansion efforts. CEO Aravind Srinivas believes Perplexity AI's approach sets it apart from traditional search engines like Google, positioning it as a next-generation search tool.

In just 3 months, Ramp's valuation jumped to $16B, up from $13B | TechCrunch

TechCrunch · 1m ago

In just 3 months, Ramp's valuation jumped to $16B, up from $13B | TechCrunch

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Apple executives held internal talks about buying Perplexity

Reuters

Reuters · 1m ago

Apple executives held internal talks about buying Perplexity

Apple has held internal talks about potentially acquiring AI search startup Perplexity, valued at \$14 billion, though no formal bid has been made. The move could signal Apple’s shift away from Google for Safari search. Meta reportedly tried to acquire Perplexity earlier this year. The startup, backed by Nvidia, offers ChatGPT-like AI-powered search summaries.

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