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Investing.com -- AI search startup Perplexity is seeking a new round of funding at a $20 billion post-money valuation, according to Business Insider, citing an email sent to prospective investors and a source familiar with the matter.
The potential fundraise comes just days after the Journal reported that Perplexity made a surprise $34.5 billion bid for Google’s Chrome browser, and represents a $2 billion increase from its previous $18 billion valuation established in July.
Perplexity has seen its valuation skyrocket over the past year, rising from $520 million in January 2024 to its current level, marking it as one of the hottest startups in the AI sector.
The company has attracted high-profile investors including SoftBank, Nvidia, and Jeff Bezos. According to BI, citing Jesse Dwyer, Perplexity’s head of communication, the company is currently generating more than $150 million in annual recurring revenue (ARR).
In recent months, some analysts have suggested that Apple should acquire the rapidly growing AI search startup, adding to the buzz surrounding the company. The company also recently launched its Comet web browser to compete with Chrome and others. So far, Comet has been received well due to its built-in AI tools and agentic capabilities.
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