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Nvidia-Backed Perplexity AI Nears $14 Billion Valuation with $500M Raise Led by Accel
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Perplexity, an AI startup backed by Nvidia, is in advanced talks to raise $500 million in a new funding round led by Accel, which would value the company at $14 billion, according to sources cited by the Wall Street Journal. This is up from its $9 billion valuation in November 2024.
The company offers AI search tools and is positioning itself as a competitor to established players like Google and Microsoft-backed OpenAI. There is potential for Perplexity's integration into Apple's Safari browser, which could expose its offerings to a larger user base.
Perplexity's valuation surge reflects investor interest in AI's potential to challenge Google's search dominance. The company has been generating revenue at a $100 million pace from subscriptions to its Perplexity Pro product, indicating strong market traction.
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