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

Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
Analysis-Musk's Mars mission adds risk to red-hot SpaceX IPO
Analysis-Oracle-Broadcom one-two punch hits AI trade, but investor optimism persists

Others Also Read