Perplexity, an AI search startup, has recently raised $63 million, bringing its valuation to $1 billion. This funding round doubled its valuation in just three months. The company, founded less than two years ago, has already handled 75 million queries in the US this year, surpassing its total for all of 2023. Perplexity has quickly grown to tens of millions of users and is generating over $20 million in annual recurring revenue (ARR). Despite having fewer than 50 employees, Perplexity is competing with major companies like Google and OpenAI in the AI search market.
Perplexity, an AI startup, is taking aim at one of the best business models of all times https://t.co/zS1r14deEs 👇
It's been a busy couple of weeks for @perplexity_ai ! If you are curious about how the company got started, be sure to check out the Startup Field Guide podcast. In our most recent episode, Perplexity's co-founder and CTO @denisyarats chatted with @sandhya about: ➡ How… https://t.co/xLyZfNjZB8
Founded less than 2 years ago, @perplexity_ai has grown to tens of millions of users, generating $20+ million ARR, and is taking on both Google and OpenAI in the battle for the future of search. All with fewer than 50 employees. Their recent fundraise valued the company at more…
⚡️Founder Feature ⚡️ @olly_doja on @perplexity_ai being an all-round researcher & leaving Google in second place 🥈 https://t.co/zNrbanNUcU
AI search startup Perplexity has raised $63M at a $1B valuation, doubling its valuation in three months. Perplexity has carried out 75M queries in the US so far this year, more than its total in all of 2023. $GOOG $NVDA $AMZN