Nvidia is in talks to invest in Perplexity, a San Francisco-based AI search startup, as part of an equity funding round that would value the company at more than US$30 billion, according to a report on Aug. 23 that cited people with knowledge of the discussion.

The round would lift Perplexity’s valuation by more than 50% from the US$20 billion valuation it finalized in September 2025.

The company’s annualized revenue had also risen to more than US$750 million from less than US$250 million at the start of 2026.

Part of that growth came from Perplexity Computer, a cloud-based AI agent that professionals use to automate computer-based tasks.

Earlier this year, Perplexity signed a US$750 million agreement with Microsoft to use Azure, Microsoft’s cloud service.

In June, Perplexity chief executive Aravind Srinivas said the company planned to go public in 2028.

Perplexity’s backers include Amazon founder Jeff Bezos, SoftBank Group, and Nvidia.

🔗 Source: Reuters

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