Overview

• Perplexity closed a $200 million financing that values the company at $20 billion, with the lead investor not disclosed.
• The deal follows a $100 million raise in July at an $18 billion valuation and lifts total funding to roughly $1.5 billion, according to PitchBook.
• An anonymous source says annual recurring revenue is approaching $200 million, while the company has publicly stated it exceeds $150 million.
• The company continues to position its conversational search as a Google alternative after an unsolicited $34.5 billion offer for Chrome and a recent court ruling that lets Google keep its search and browser operations.
• Perplexity reports 30 million active users generating about 780 million monthly queries and is piloting its Comet AI browser with Perplexity Max subscribers and select users.