Bezos-backed Perplexity reportedly raising $500M at $8B+ valuation – PitchBook News & Analysis
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AI search engine specialist Perplexity is reportedly seeking a valuation of more than $8 billion as it mounts a challenge to Google’s dominance over search.
The Jeff Bezos-backed company seeks to raise $500 million, The Wall Street Journal first reported, in what would be the startup’s third funding round this year. The size and timing of the financing highlight the explosive valuation growth some AI startups are seeing.
Perplexity did not respond to PitchBook’s request for comment.
In April, Perplexity raised $62.7 million at a $1 billion valuation, which followed a $73.6 million Series B in January. Its investors include Nvidia, Elad Gil and Bessemer Venture Partners.
Perplexity uses AI to scour the web and provide answers to queries like a chatbot. It sells premium subscriptions to users and is launching an enterprise search product that allows customers to search their internal company files. A competitor in this space, Glean, raised $260 million in September. Perplexity…
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