Nvidia in talks to invest in Perplexity at over US$30bil valuation
The funding round is expected to increase Perplexity's valuation by more than 50% from its previous financing a year ago.
Nvidia is reportedly engaging in discussions to invest in AI startup Perplexity, which would value the company at over US$30 billion, according to The Information. The funding round would represent a more than 50% increase in Perplexity's valuation since its last financing a year ago. Perplexity's revenue has surged to over US$750 million annually from under US$250 million at the start of the year, driven in part by its cloud-based AI agent for professionals.
Perplexity declined to comment on the report, while Nvidia has not yet responded to a request for comment. The Information noted that Perplexity's valuation was last reported at US$20 billion in September. The AI company previously secured a US$750 million agreement with Microsoft to utilize its Azure cloud service. Perplexity plans to go public in 2028, irrespective of how the market reacts to the listings of Anthropic and OpenAI, CEO Aravind Srinivas stated in an interview with CNBC in June.
High-profile investors backing Perplexity include Amazon founder Jeff Bezos and Japan's SoftBank Group.
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