AI-powered search startup Perplexity is reportedly initiating efforts to raise as much as $1 billion in funding, potentially increasing its valuation to $18 billion. Recent reports state that Perplexity's annual recurring revenue has reached $100 million, marking significant growth. The company’s valuation has surged from $1 billion in April 2024 to $9 billion by December. In response to competitive pressures, particularly from companies like Anthropic and Google, Perplexity is diversifying its offerings, including the anticipated launch of an 'agentic' browser named Comet and enhancing enterprise services.
Perplexity, an AI-powered search startup, is reportedly seeking to raise up to $1 billion, potentially doubling its valuation to $18 billion as it faces increased competition.
With annual recurring revenue hitting $100 million, Perplexity is navigating a competitive AI search landscape, prompting it to explore new offerings like the 'agentic' browser Comet.
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