Overview
- Multiple outlets reported on Monday that Nvidia is in ongoing, unconfirmed talks to invest in Perplexity as part of a financing round that could value the startup at more than $30 billion.
- Neither company has confirmed terms or a deal and reporting is based on people with knowledge of the discussions and investor briefings.
- Perplexity’s annualized revenue run rate has been presented to investors as above $750 million, growth that sources say is driven largely by Perplexity Computer, a cloud AI agent that automates professional computer tasks.
- Reporters say Nvidia considered alternative structures including a technology licensing pact and hiring Perplexity staff before talks shifted toward a straight equity investment.
- A deal above $30 billion would lift Perplexity’s valuation more than 50% from prior rounds, implies private multiples near 30–40 times ARR, and fits Nvidia’s 2026 pattern of using capital and commercial ties to lock demand for its chips, a move that could steer customer choices and influence Perplexity’s path to a planned 2028 IPO.