AI startup Perplexity tripled its valuation during an investment round by $500 million, sources told Bloomberg and the Financial Times. According to them, the company that develops a search engine based on artificial intelligence was valued at 9 billion dollars.
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The round was completed in early December, with Institutional Venture Partners as the lead investor. Other investors include chipmaker Nvidia, New Enterprise Associates, B Capital and T Rowe Price.
Perplexity declined to comment.
In early November, sources told The Wall Street Journal that the startup was going to triple its valuation in a new investment round. The publication notes that, as a result of the round, Perplexity will become one of the most valuable young startups in the field of AI.
The company has increased its valuation several times during 2024. In January it amounted to $520 million, in April to $1 billion, and in June it grew to $3 billion after Japanese SoftBank’s Vision Fund 2 invested in the startup.
The new investment will help the startup compete with other companies in attracting qualified engineers, notes the Financial Times. Ali Ghodsi, head of artificial intelligence company Databricks, which previously raised $10 billion at a $62 billion valuation, said “the war for AI talent is hotter than ever.”
Perplexity was founded in 2022 by entrepreneur Andy Konwinski. The startup has developed an artificial intelligence search system that searches the Internet for information and can answer users’ questions, similar to OpenAI’s ChatGPT chatbot.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
