Perplexity reportedly raised $200M at $20B valuation

In Brief

Perplexity, the AI-powered hunt startup that competes with Google by providing conversational answers to idiosyncratic queries, has secured $200 cardinal successful caller superior astatine a $20 cardinal valuation, The Information reported. The caller backing comes conscionable 2 months aft the institution raised $100 cardinal astatine an $18 cardinal valuation, according to a July study successful Bloomberg.

Since its founding 3 years ago, the rapidly increasing AI institution has raised $1.5 cardinal successful full funding, according to PitchBook data.  It’s unclear who led Perplexity’s latest superior injection. Bloomberg reported that the July financing was an hold of a erstwhile $500 cardinal circular completed earlier this twelvemonth astatine a $14 cardinal valuation and led by Accel.

According to a root acquainted with the company, Perplexity’s yearly recurring gross (ARR) is approaching $200 million. Last month, Perplexity’s caput of connection told Business Insider that the company’s ARR was more than $150 million.

Perplexity didn’t instantly respond to a petition for comment.

The backing comes arsenic Perplexity positions itself arsenic a challenger to Google’s hunt dominance. In August, Perplexity offered to bargain Google’s Chrome browser for $34.5 billion. The connection came aft the Justice Department, alleging that Google was acting anticompetitively, projected that the institution sell its web browser. However, earlier this month, a national justice ruled that Google volition not person to interruption up its hunt business, efficaciously allowing the hunt elephantine to support Chrome.

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