AI Startup Perplexity in Talks for $9 Billion Valuation

Perplexity’s search products seek to rival Google search.Company has discussed raising over $500 million in new funding.

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@perplexity_ai an artificial intelligence company building a search product that aims to compete with Google, is in early talks to raise funding from investors at a valuation of about $9 billion.#ai #prelpexity #startuphttps://t.co/lSJi0pX2N9

— The_Journalbiz (@the_journalbiz) October 25, 2024

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Perplexity AI Inc., an artificial intelligence company building a search product that aims to compete with Google, is in early talks to raise funding from investors at a valuation of about $9 billion, according to a person familiar with the matter.

The company is seeking to raise more than $500 million in the funding round, according to the person, who asked not to be identified discussing private information.

The new valuation, which includes the amount the company would raise, could triple its previous value of $3 billion from a funding round earlier this year. However the discussions are still early and the details could change or talks could fall apart. The company declined to comment.

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Source: Bloomberg

Image:Preplexity