Overview

• Perplexity AI is establishing a $50 million venture fund to invest in early-stage U.S.-based artificial intelligence startups.
• The fund will primarily draw capital from outside limited partners, with Perplexity contributing some of its own raised funds as an anchor investor.
• The fund will be managed by Kelly Graziadei and Joanna Lee Shevelenko, who previously co-founded the early-stage venture firm F7 Ventures.
• Perplexity recently raised $500 million in funding at a $9 billion valuation, with backers including SoftBank, Nvidia, and Jeff Bezos.
• The company aims to leverage its network of 80,000 developers and API users to identify promising startups for investment.