Nvidia discusses Perplexity investment at valuation of more than US$30 billion: report

A report by The Information has revealed that NVIDIA is engaged in discussions to invest in AI startup Perplexity. The proposed equity funding round would value the company at more than US$30 billion, marking a more than 50% increase from its previous 2025 valuation. Perplexity's annualized revenue has grown significantly to over US$750 million, up from under US$250 million at the beginning of 2026.

This growth has been attributed to Perplexity Computer, a cloud-based AI agent utilized by professionals for automating computer-based tasks. However, the company has declined to comment on the report, while NVIDIA has not yet responded to inquiries. The Information previously disclosed that Perplexity had reached a US$20 billion valuation in September 2025.

In 2026, Perplexity secured a US$750 million agreement with Microsoft to utilize its Azure cloud service. Perplexity intends to go public in 2028, irrespective of how the market perceives the listings of Anthropic and OpenAI, as stated by the company's CEO, Aravind Srinivas, during an interview with CNBC in June.