Generated with sparks and insights from 43 sources

img6

img7

img8

img9

img10

img11

Introduction

  • Perplexity AI has raised significant funding over multiple rounds, with the latest being a Series B round on May 18, 2024.

  • The company has raised a total of $165 million to date.

  • The most recent funding round raised $62.7 million, valuing the company at over $1 billion.

  • Perplexity AI is currently raising an additional $250 million, which could increase its valuation to between $2.5 billion and $3 billion.

  • Key investors include Daniel Gross, Stanley Druckenmiller, Garry Tan, Dylan Field, Jeff Bezos, and Nvidia.

Funding History [1]

  • Initial Funding: Perplexity AI raised $74 million in January 2024, valuing the company at $540 million.

  • Series B Round: The latest funding round on May 18, 2024, raised $62.7 million.

  • Total Funding: The company has raised a total of $165 million to date.

  • Upcoming Round: Perplexity AI is currently raising an additional $250 million.

img6

img7

img8

img9

img10

img11

Key Investors [2]

  • Daniel Gross: Led the most recent funding round.

  • Stanley Druckenmiller: Participated in the latest funding round.

  • Garry Tan: Y Combinator Chief Executive Officer, also an investor.

  • Dylan Field: CEO of Figma, participated in the latest round.

  • Jeff Bezos: Founder of Amazon.com Inc., an early backer.

  • Nvidia: Participated in multiple funding rounds.

  • IVP and NEA: Previous backers looking to invest in the upcoming round.

  • Other Notable Investors: Elad Gil, Nat Friedman, Naval Ravikant, and Andrej Karpathy.

img6

img7

img8

img9

img10

img11

Valuation [1]

  • Initial Valuation: $540 million in January 2024.

  • Current Valuation: Over $1 billion as of the latest funding round.

  • Future Valuation: Expected to reach between $2.5 billion and $3 billion with the upcoming $250 million funding round.

img6

img7

img8

img9

img10

img11

Business Model [2]

  • Product Offering: Perplexity AI offers an AI chatbot that summarizes search results and lists citations.

  • Revenue: Generating $20 million in annual recurring revenue.

  • Enterprise Focus: Launched an enterprise version of its chatbot priced at $40 a month.

  • Partnerships: Distribution partnerships with SoftBank Corp. and Deutsche Telekom AG.

img6

img7

img8

img9

img10

img11

Future Plans [2]

  • Global Expansion: Plans to expand user base in other regions.

  • New Partnerships: Inked distribution partnerships with SoftBank Corp. and Deutsche Telekom AG.

  • Product Development: Focus on enhancing AI services for businesses.

  • Funding Utilization: The upcoming $250 million funding round will be used to fuel global expansion and product development.

img6

img7

img8

img9

img10

img11

Related Videos

<br><br>

<div class="-md-ext-youtube-widget"> { "title": "Perplexity AI is raising a lot more money for a $2.5-3 billion ...", "link": "https://www.youtube.com/watch?v=iMg8A-BF5XI", "channel": { "name": ""}, "published_date": "Apr 24, 2024", "length": "" }</div>

<div class="-md-ext-youtube-widget"> { "title": "How we built $1B Startup in 2 Years | Perplexity AI, Aravind ...", "link": "https://www.youtube.com/watch?v=FZieYYj0ImE", "channel": { "name": ""}, "published_date": "Jan 17, 2024", "length": "" }</div>

<div class="-md-ext-youtube-widget"> { "title": "From Startup to Unicorn: Perplexity AI Raises $63M to Take on ...", "link": "https://www.youtube.com/watch?v=kTds09WwhSY", "channel": { "name": ""}, "published_date": "Apr 24, 2024", "length": "" }</div>