Perplexity has reportedly closed a $500M funding round | TechCrunch

perplexity-has-reportedly-closed-a-$500m-funding-round-|-techcrunch

In Brief

Posted:

Aravind Srinivas, chief executive officer Perplexity AI.
Image Credits:SeongJoon Cho/Bloomberg / Getty Images
  • Kyle Wiggers

AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion.

Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment.

The mammoth tranche comes as the competition in AI-powered search heats up. OpenAI recently launched ChatGPT Search, its answer to Perplexity. And Google is developing capabilities to rival some of what Perplexity offers, including AI-generated summaries and answers on search results pages.

This week, The Information reported that Google is planning to take a more aggressive move, potentially building a chatbot-like “AI mode” directly into Google Search.

Perplexity isn’t resting on its laurels — even as it battles a class action lawsuit over alleged copyright infringement. On Wednesday, the company made its second acquisition, snatching up Carbon, a startup specializing in connecting AI systems to external data sources.

Topics

AI, AI, ai-powered search, Funding, Fundraising, Generative AI, In Brief, Perplexity, report, rumor, Search, startup, Startups

Newsletters

Subscribe for the industry’s biggest tech news

Related

Latest in Fundraising

Source: Techcrunch

Leave a Comment

Your email address will not be published. Required fields are marked *

mt-sample-background

© 2024 Egerin. All rights reserved.

Scroll to Top

Subscribe to receive News in Email

* indicates required

Intuit Mailchimp