Perplexity AI Pursues Funding at $18 Billion Valuation

The AI startup is in talks to raise up to $1 billion as it doubles its valuation within months to compete in the dynamic generative AI market.

Perplexity AI is negotiating a funding round seeking between $500 million and $1 billion, valuing the company at $18 billion.
This valuation represents a doubling from the $9 billion reported in November 2024, reflecting rapid growth in the generative AI sector.
The company is backed by notable investors including Nvidia, Jeff Bezos, and SoftBank Group.
Perplexity AI has been enhancing its platform to compete with Google's Gemini and Microsoft-backed OpenAI's ChatGPT.
OpenAI recently closed a $6.6 billion funding round, potentially valuing it at $157 billion, underscoring the intense competition in the AI space.