The confusion of AI-powered search startups is said to be in early talks to raise up to $1 billion in a new funding round that values the startup at $18 billion.
Bloomberg reported on Thursday that Perplexity’s annual recurring revenues reached $100 million, citing anyone familiar with the issue.
In recent years, Perplexity ratings have skyrocketed. This new round will double Perplexity’s current valuation ($9 billion) as of December. In April 2024, embarrassment was valued at $1 billion.
Rumors about the new round will heat up competition in AI-powered search spaces.
On Thursday, humanity added a web search to consumer AI chatbot Claude. In early March, Google launched an early version of a chat-based AI search engine called AI Mode for a limited group of testers.
Perhaps the baffling is about to expand into new areas, as its core market is becoming more and more crowded. The startup recently teased the launch of an “agent” browser called Comet, increasing the number of enterprise products, and recently launched an AI search engine to allow companies to retrieve information from internal documents.
We reach out to our baffle to comment on fundraising rumors and will update this post if we receive a reply.