US EditionPerplexity AI wrapping talks to raise $500 million at $14 billion valuation
- Perplexity AI is negotiating a $500 million funding round led by Palo Alto-based venture firm Accel, potentially valuing it at $14 billion as of May 2025.
- The funding talks follow rapid valuation growth from $3 billion in June 2024 to $9 billion in December 2024 amid the generative AI surge triggered by ChatGPT's launch.
- Perplexity competes with Google and Microsoft-backed OpenAI using its AI research chatbot and plans to expand with its AI agent web browser, Comet.
- By March 2025, Perplexity was generating close to $100 million each year from recurring revenue and has attracted investors such as Jeff Bezos and Nvidia, with an initial public offering unlikely to take place before 2028.
- If successful, the new funding could fuel Perplexity's growth in the AI search niche but faces challenges from intensified competition and market uncertainties.
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MarTech SeriesCaptiv8 Partners with Perplexity to Launch AI-Powered Campaign Intelligence Tools
/PRNewswire/ -- Captiv8, the leading influencer marketing platform for enterprise brands, today announced a strategic partnership with Perplexity for Startups...
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AI Search Startup Perplexity Nears Funding at $14 Billion Value
Perplexity AI Inc., a startup building an artificial intelligence search engine to compete with Google, is in advanced discussions to raise a new round of funding at a $14 billion valuation — a jump from its most recent value but lower than it was initially targeting.
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