Perplexity is raising a new funding round at a valuation of $20 billion, as reported by Business Insider. The AI search engine experienced a significant valuation increase from $18 billion to $20 billion, driven by its increasing popularity and robust growth. Perplexity's annual recurring revenue has soared past $150 million, a remarkable rise from its previous $35 million. Facing competition from major companies like Google and OpenAI, Perplexity continues to innovate, recently unveiling its AI-native browser Comet and making a $34.5 billion bid for Google's Chrome browser.
Perplexity is raising fresh funding at a $20 billion valuation, seeking to capitalize on its rapid growth and investor interest. The startup has already raised approximately $1.5 billion.
With its recent bid for Google's Chrome browser and ongoing competition with tech giants, Perplexity's business is gaining momentum, achieving an ARR exceeding $150 million.
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