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

TechCrunch · 4m

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.

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Pushpak Rai

Pushpak RaiSoftware Developer....

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