Perplexity Reportedly Raised $200m At $20b Valuation

In Brief

Perplexity, nan AI-powered hunt startup that compete pinch Google by providing conversational answers to personification queries, has secured $200 cardinal successful caller superior astatine a $20 cardinal valuation, The Information reported. The caller backing comes conscionable 2 months aft nan institution raised $100 cardinal astatine an $18 cardinal valuation, according to Bloomberg’s July report.

Since its founding 3 years ago, nan quickly increasing AI institution has raised $1.5 cardinal successful full funding, according to PitchBook data.  It’s unclear who led Perplexity’s latest superior injection. Bloomberg reported that nan July financing was an hold of a erstwhile $500 cardinal information completed earlier this twelvemonth astatine a $14 cardinal valuation, which came conscionable months earlier, a woody that was led by Accel.

According to a root acquainted pinch nan company, Perplexity’s yearly recurring gross (ARR) is approaching $200 million. Last month, Perplexity’s caput of connection told Business Insider that nan company’s ARR was more than $150 million.

Perplexity didn’t instantly respond to a petition for comment.

The backing comes arsenic Perplexity positions itself arsenic a challenger to Google’s hunt dominance. In August, Perplexity offered to bargain Google’s Chrome browser for $34.5 billion. The connection came aft nan Justice Department, alleging that Google was acting anticompetitively, projected that nan institution sell its web browser. However, earlier this month, a national judge ruled that Google will not person to break up its hunt business, efficaciously allowing nan hunt elephantine to support Chrome.

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