PYMNTS.com October 25, 2024

Perplexity CEO Aravind Srinivas said Friday (Oct. 25) that the artificial intelligence (AI) search company is serving over 100 million queries per week.

“Perplexity now serves over 100M queries every week,” Srinivas wrote in a post on X. “Next stop: 100M+ queries every day.”

This announcement comes five days after it was reported that Perplexity is looking to raise about $500 million in a new funding round that would value it at $8 billion.

The reported potential funding round would be the company’s fourth in a year and would more than double its valuation. It was valued at $520 million in January and $3 billion this summer.

Perplexity’s annualized revenue is about $50 million, up from $10 million in March.

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