PYMNTS.com November 5, 2024
Perplexity, an artificial intelligence (AI)-powered search engine, is set to triple its valuation from a few months ago following its latest funding round.
The company is due to raise $500 million in its fourth funding round this year, according to a Tuesday (Nov. 5) report from The Wall Street Journal, which cited people familiar with the matter. This would value Perplexity at $9 billion. It started this year with a valuation of $520 million.
Its rapid growth highlights strong investor interest in its offerings, WSJ said, and marks it as one of the most valuable AI startups amid a new wave of generative AI technology.
Last month, Perplexity said it served over 100 million queries a week.
CEO Aravind Srinivas...
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