Perplexity AI is a search engine startup that utilizes generative AI models to understand and interpret the meaning behind a user's query. By analyzing patterns and relationships within the data, the model learns to generate human-like text and comprehend the context of a query, enabling it to provide more accurate and contextually relevant search results.
Perplexity is set to raise $500 million in a new funding round led by venture capital firm Institutional Venture Partners (IVP), which would value the search startup at $9 billion.
Perplexity, San Francisco, California, United States, was founded in 2022 by Andy Konwinski, Denis Yarats, Johnny Ho, and Aravind Srinivas. In 2024, the company joined the unicorn club. The company’s growth trajectory underscores the increasing demand for AI-powered search tools that prioritize context and relevance.
Perplexity to Raise $500 Million at a $9 Billion Valuation