Perplexity finalizes $20 billion valuation round, the Information reports


FILE PHOTO: Perplexity AI application icon is seen in this illustration taken January 4, 2024. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

(Reuters) - AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation, the Information reported on Wednesday, citing a person with knowledge of the matter.

Reuters could not immediately verify this report and Perplexity did not immediately respond to a request for comment.

Run by Aravind Srinivas, Perplexity in August made a $34.5 billion unsolicited all-cash offer for Alphabet's Chrome browser, a bid far above its own valuation.

The Nvidia-backed startup has an AI browser, Comet, that can perform certain tasks on a user's behalf. Buying Chrome would have allowed it to tap the browser's more than three billion users, giving it the heft to better compete with bigger rivals such as OpenAI, which is also working on its own AI browser.

(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Alan Barona)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Apple’s new AirTag tracker is better, but not upgrade-worthy
Waymo raises US$16bil (RM62.8bil) in robotaxi race with Tesla
What is Slippery Fish? A secret project to win Olympic speedskating medals with help from an app
Nintendo posts quarterly profit rise, sees no major hit from chip price spike
Some companies tie AI to layoffs, but the reality is more complicated
JPJ: MyDigital ID as sole log-in for app now postponed to March 1
Musk Inc? Billionaire combines his rocket and AI businesses before an expected IPO this year
OpenClaw's AI agent does everything, even social media
Exclusive-SpaceX, xAI set share exchange ratio at 0.1433, source says
Chinese tech giants trade cash for AI buzz

Others Also Read