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Perplexity in talks to double valuation to $18b

Perplexity AI, an AI startup, is reportedly seeking funding at an US$18 billion valuation, according to a source familiar with the discussions.

This valuation has doubled since November, when it was estimated at US$9 billion.

The Nvidia-backed company is exploring a funding round between US$500 million and US$1 billion.

Recent Perplexity developments

Timeline
26-Feb-2025 💰 Perplexity launches $50m fund for early-stage startups
Perplexity launches a $50M investment fund for early-stage startups, backed by recent $500M funding and led by its co-founders.
25-Feb-2025 🌐 Perplexity to launch AI browser Comet
Perplexity announces plans for a new AI web browser, Comet, with sign-ups now open but no release date set.
16-Feb-2025 🤖 Perplexity unveils ‘Deep Research’ for fast, in-depth AI
Perplexity launches ‘Deep Research’ feature for in-depth analysis, outperforming competitors in speed and accessibility.
02-Feb-2025 ⚖️ Perplexity AI sued by software firm for trademark violation
Perplexity Solved Solutions sues Perplexity AI for trademark infringement, claiming consumer confusion over the name.
27-Jan-2025 🤝 Perplexity’s new TikTok bid could give US gov’t 50% stake
Perplexity AI proposes a deal for TikTok in the US, allowing the government to hold 50% with no board involvement.
24-Jan-2025 🤖 Perplexity launches AI assistant to rival Siri, ChatGPT
AI startup Perplexity launches its assistant for Android, competing with ChatGPT, Siri, and Alexa; iOS version pending.

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