PYMNTS.com October 20, 2024
Artificial intelligence (AI) search company Perplexity is reportedly looking to raise about $500 million in a new funding round that would value it at $8 billion.
The company has mentioned these figures in talks with investors, though the terms could change and the funding might not come together, The Wall Street Journal (WSJ) reported Sunday (Oct. 20), citing unnamed sources.
Perplexity did not immediately reply to PYMNTS’ request for comment.
The reported potential funding round would be the company’s fourth in a year and would more than double its valuation, according to the report. 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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