PYMNTS.com March 20, 2025
Perplexity AI is reportedly in early talks to raise $500 million to $1 billion in a funding round that would value it at $18 billion.
The details could change because the talks are at an early stage, Bloomberg reported Thursday (March 20).
The company currently has annually recurring revenue of nearly $100 million, according to the report.
Reached by PYMNTS, Perplexity declined to comment on the report.
The company was founded in 2022 and tripled its valuation twice in 2024, from $1 billion to $3 billion and then from $3 billion to $9 billion, per the Bloomberg report.
Perplexity is building an artificial intelligence (AI) search engine to compete with Google, and it offers paid and free versions of its...
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