\n<\/p>\n
Perplexity, the AI-powered search startup that competes with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to a July report in Bloomberg.<\/p>\n
Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBook data. \u00a0It\u2019s unclear who led Perplexity\u2019s latest capital injection. Bloomberg reported that the July financing was an extension of a previous $500 million round completed earlier this year at a $14 billion valuation and led by Accel.<\/p>\n
According to a source familiar with the company, Perplexity\u2019s annual recurring revenue (ARR) is approaching $200 million. Last month, Perplexity\u2019s head of communication told Business Insider that the company\u2019s ARR was more than $150 million.<\/p>\n
Perplexity didn\u2019t immediately respond to a request for comment.<\/p>\n
The funding comes as Perplexity positions itself as a challenger to Google\u2019s search dominance. In August, Perplexity offered to buy Google\u2019s Chrome browser for $34.5 billion. The offer came after the Justice Department, alleging that Google was acting anticompetitively, proposed that the company sell its web browser. However, earlier this month, a federal judge ruled that Google will not have to break up its search business, effectively allowing the search giant to keep Chrome.<\/p>\n","protected":false},"excerpt":{"rendered":"
Perplexity, the AI-powered search startup that competes with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to a July report in<\/p>\n","protected":false},"author":1,"featured_media":20541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52],"tags":[2185,12633,4961,8969,2183,6730],"class_list":{"0":"post-20540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology","8":"tag-200m","9":"tag-20b","10":"tag-perplexity","11":"tag-raised","12":"tag-reportedly","13":"tag-valuation"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/20540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20540"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/20540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/20541"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}