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Perplexity, the AI-powered search startup that competes with Google by offering conversational solutions to person queries, has secured $200 million in new capital at a $20 billion valuation, The Info reported. The contemporary funding comes simply two months after the corporate raised $100 million at an $18 billion valuation, based on a July report in Bloomberg.
Since its founding three years in the past, the quickly rising AI firm has raised $1.5 billion in complete funding, based on PitchBook information. It’s unclear who led Perplexity’s newest capital injection. Bloomberg reported that the July financing was an extension of a earlier $500 million spherical accomplished earlier this yr at a $14 billion valuation and led by Accel.
In keeping with a supply accustomed to the corporate, Perplexity’s annual recurring income (ARR) is approaching $200 million. Final month, Perplexity’s head of communication instructed Enterprise Insider that the corporate’s ARR was greater than $150 million.
Perplexity didn’t instantly reply to a request for remark.
The funding comes as Perplexity positions itself as a challenger to Google’s search dominance. In August, Perplexity provided to purchase Google’s Chrome browser for $34.5 billion. The supply got here after the Justice Division, alleging that Google was appearing anticompetitively, proposed that the corporate promote its internet browser. Nevertheless, earlier this month, a federal choose dominated that Google won’t have to interrupt up its search enterprise, successfully permitting the search big to maintain Chrome.
