AI Search Startup Perplexity Valued at $1 Billion in Funding Round
Perplexity AI, a startup using artificial intelligence to build a search engine to compete with Alphabet Inc. ’s Google, has raised about $63 million in a new funding round that values the company at more than $1 billion. Founded less than two years ago, Perplexity offers an AI chatbot that summarizes search results, lists citations for its answers and helps users refine their queries to get the best responses. With an emphasis on accuracy, Perplexity has quickly distinguished its chatbot in an increasingly crowded market and earned fans like Nvidia CEO Jensen Huang, who has said he uses the product “almost every day.” Perplexity has processed more user queries in the US so far this year — nearly 75 million — than it did in all of 2023. “We want to get Perplexity in the hands of every single company in the United States,” Aravind Srinivas, the company’s co-founder and CEO, said in an interview.
ChatGPT rival Perplexity AI is now worth $9 billion after latest funding round
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