Perplexity AI in Talks to Raise Up to $1 Billion at $18 Billion Valuation

The AI search startup seeks to double its valuation from December 2024 as it expands its offerings and navigates a competitive market.

Perplexity AI is reportedly in early discussions to raise between $500 million and $1 billion in funding at an $18 billion post-money valuation.
The company’s valuation has surged from $3 billion in June 2024 to $9 billion in December 2024, and now potentially to $18 billion.
Perplexity’s annual recurring revenue is approximately $100 million, reflecting significant growth in the AI search market.
The company competes with major players like Google, OpenAI, and Anthropic, which recently launched new AI search features.
Perplexity is diversifying its offerings, including the development of the 'agentic' browser Comet and enterprise AI tools for businesses.