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AI search engine startup Perplexity AI raises $62.7M in funding at a valuation of $1.07 billion

IndianStartupNews

IndianStartupNews · 1y ago

AI search engine startup Perplexity AI raises $62.7M in funding at a valuation of $1.07 billion

AI search engine startup Perplexity AI has raised $62.7 million in funding, bringing its valuation to $1.04 billion. Led by former Y Combinator AI head Daniel Gross, the funding will be used to expand usage among consumers and knowledge workers within enterprises. Perplexity AI has also formed partnerships with Deutsche Telekom and SoftBank to reach a global audience of 116 million users. The San Francisco-based startup utilizes AI and chatbot technologies to provide a unique search experience that directly answers user queries with accurate information and source citations. They have also launched the Perplexity Enterprise Pro plan for the enterprise market.

Related News

Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say

TechCrunch · 1y ago

Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say

AI search engine startup Perplexity is reportedly raising $250 million to $300 million in a new funding round, valuing the company at between $2.5 billion and $3 billion. This is on top of two recent fundraises that saw the company's valuation increase from $121 million in April 2023 to $1 billion in March this year. Perplexity's product is a generative AI-based search engine that utilizes various language models to produce accurate and rich responses. The company has already attracted a long list of investors, including NEA, IVP, Sequoia, and Jeff Bezos. Perplexity's page has already announced securing $62M at 1B+ valuation on X for the aforementioned round.

Perplexity AI Challenges Google with 250M Queries, $25

deepnewz

deepnewz · 11m ago

Perplexity AI Challenges Google with 250M Queries, $25

Perplexity, an AI search start-up, is quickly gaining ground in the tech industry, posing a challenge to Google's reign in the search engine market. With a seven-fold increase in monthly revenues and usage since early 2024, Perplexity's AI search engine handled around 250 million queries in July alone, compared to 500 million queries for the entire year of 2023. To support its growth, the company recently secured $250 million in funding, placing its valuation at $3 billion. The rise of Perplexity indicates a potential disruption in the AI landscape, as it competes with established tech giants.

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

Livemint

Livemint · 8m 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.

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.

AI startup Perplexity adds shopping features as search competition tightens

Economic Times

Economic Times · 8m ago

AI startup Perplexity adds shopping features as search competition tightens

AI search startup Perplexity has launched a shopping hub in an effort to challenge Google's dominance in the search engine space. The platform will provide users with product cards containing relevant items in response to shopping-related queries. The feature is powered by integrations with platforms like Shopify, offering access to product information from businesses globally. Perplexity is also introducing a visual search tool called "Snap to Shop" and a "Merchant Program" that allows retailers to share product information. The startup is raising new investment, valuing it at $9 billion.

SoftBank to invest in search startup Perplexity AI at $3 bln valuation, Bloomberg reports

Reuters · 1y ago

SoftBank to invest in search startup Perplexity AI at $3 bln valuation, Bloomberg reports

SoftBank Group's Vision Fund 2 is reportedly investing between $10 million and $20 million in US search startup Perplexity AI. This investment is part of a larger $250 million funding round that values Perplexity at $3 billion. Perplexity offers search tools that provide users with instant answers to questions, powered by large language models. The deal has not been finalized yet, and neither Perplexity nor SoftBank have commented on the matter.

Perplexity Launches $20/Month Labs Tool for Pro Users, Eyes $1 Billion Raise at $18 Billion Valuation | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

Perplexity Launches $20/Month Labs Tool for Pro Users, Eyes $1 Billion Raise at $18 Billion Valuation | DeepNewz VC

Perplexity recently launched a $20/month Labs tool for Pro users and is eyeing a $1 billion raise at an $18 billion valuation. Tyler Bryden poses questions about Perplexity's standing against Google AI, exploring whether the competition poses a threat to Perplexity in terms of AI search and technology innovation. The discussion highlights key themes such as AI competition, the future of AI, and the broader implications for search engines.

Perplexity Launches $20/Month Labs Tool for Pro Users, Eyes $1 Billion Raise at $18 Billion Valuation | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

Perplexity Launches $20/Month Labs Tool for Pro Users, Eyes $1 Billion Raise at $18 Billion Valuation | DeepNewz VC

Perplexity AI continues to innovate in the competitive AI technology sector by introducing tools aimed at professional users and eyeing a substantial $1 billion raise, valuing it at approximately $1.8 billion. Despite facing competition from tech giants like Google AI, Perplexity remains focused on advancing its search engine capabilities and innovation in artificial intelligence. The strategic expansion into professional tools demonstrates its commitment to growth and maintaining a cutting-edge position in the AI landscape.

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

Inshorts · 6m ago

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

Perplexity AI, an artificial intelligence startup co-founded by Indian-origin Aravind Srinivas, has closed a $500-million round of funding that triples its valuation to $9 billion, Bloomberg reported. In April, Perplexity was valued at $1 billion, a figure that jumped to $3 billion in June after investment from SoftBank Group's Vision Fund 2. Perplexity, founded in 2022, is rival of ChatGPT.

Apple executives held internal talks about buying Perplexity

Reuters

Reuters · 25d 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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