Perplexity AI Inc., an AI-powered search startup competing with Google, is in early talks to raise $500 million to $1 billion at an $18 billion valuation, though details may change.
The startup previously received funding offers at a $15 billion valuation but has not commented on the latest round.
Founded in 2022, Perplexity rapidly grew its valuation from $1 billion to $3 billion and now seeks another major increase.
It offers AI-powered search tools, internal file searches for organizations, and finance-related features like stock price lookups.
With nearly $100 million in annual recurring revenue and 15 million active users as of last March, Perplexity is expanding its market presence.
Facing competition from Google and OpenAI’s new search product, it is backed by SoftBank, Nvidia, and Jeff Bezos.
Ask the analyst & get instant answer about Stocks.
Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!
