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Perplexity AI wrapping talks to raise $500 million at $14 billion valuation

[C온라인카지노사이트] Perplexity wrapping talks to raise $500 million at $14 billion valuation
Dado Ruvic | Reuters
  • Perplexity AI is in late-stage talks to raise $500 million at a $14 billion valuation.
  • The funding is on the lower end of Perplexity's planned raise.
  • The artificial intelligence search engine company competes against the likes of Google and Microsoft-backed OpenAI.

is in late-stage talks to raise $500 million at a $14 billion , a source familiar with the situation confirmed to C온라인카지노사이트 on Monday.

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Accel, the Palo Alto-based venture capital firm, will lead the round, according to the source, who spoke anonymously because the round is not yet finalized. first reported on the late-stage numbers.

The funding is on the lower end of Perplexity's planned raise, which C온라인카지노사이트 reported in March. During those early-stage talks, Perplexity was looking to raise between $500 million and $1 billion in funding at an $18 billion post-money valuation, per a source familiar.

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The search engine company competes against the likes of  and -backed OpenAI. Its valuation in December was , triple its  valuation in June 2024.

Perplexity has just under $100 million in annual recurring revenue, or ARR, the source told C온라인카지노사이트 in March.

Perplexity has been in the middle of the generative AI boom that began in late 2022 with the launch of OpenAI's ChatGPT, and it is betting big on its upcoming AI agent web browser, called Comet. But Perplexity faces increasing competition in the AI search market.

In March, Anthropic launched its web search product, allowing its chatbot Claude to display real-time search results to a subset of users.

Last fall,  within ChatGPT, its viral chatbot, that positioned it to better compete with Perplexity, as well as leading search engines such as Google and 's Bing.

Google has released AI Overviews within its search product as well, though it sparked controversy over  soon after its release.

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