According to sources, Perplexity AI, an AI startup aiming to compete with Google, has closed a $500 million funding round, tripling its valuation to $9 billion.

The round was led by Institutional Venture Partners and completed earlier this month.

Perplexity was valued at $1 billion in April and $3 billion in June after an investment from SoftBank. The new valuation reflects growing investor interest in AI-driven search.

Founded in 2022, Perplexity sets itself apart by providing real-time information and has seen rapid growth, with over 15 million active users by March.

Perplexity is backed by SoftBank, Jeff Bezos, and Nvidia.

The startup faces increased competition as ChatGPT-maker OpenAI and tech giants Microsoft and Google roll out their own AI-driven search features.

Perplexity offers various services, including internal file search and finance-related features like stock prices and company earnings data.

After facing accusations of plagiarism, the company has launched revenue-sharing partnerships with major publishers like Time and Fortune.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!