From Quiver Quantitative:

Perplexity AI, an emerging AI startup, has secured $73.6 million in funding, boosting its valuation to $520 million. The investment includes Nvidia and Jeff Bezos and is spearheaded by Institutional Venture Partners. This funding round will support the company’s expansion efforts, as they aim to challenge established players like Microsoft Bing Chat. Perplexity AI has achieved significant market impact and engagement, processing over half a billion queries in 2023, setting itself apart with its focus on delivering accurate, source-backed information. It remains to be seen if the company can maintain its growth and become a major player in the search market.



Read more: Perplexity AI’s Valuation Soars to $520M with Funding from Bezos, Nvidia