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Perplexity AI valued at $1 billion in a funding round led by Daniel Gross and other prominent investors

Apr 23, 2024about 1 year ago

Amount Raised

$63 Million

San FranciscoNatural Language ProcessingMachine LearningArtificial Intelligence

Investors

Nvidia Corp.Jeff BezosDylan FieldGarry TanStanley DruckenmillerDaniel Gross

Description

Perplexity AI has raised about $63 million in a new funding round that values the company at more than $1 billion. The financing, led by Daniel Gross and other prominent investors, doubles Perplexity’s valuation from just three months ago.

Company Information

Company

Perplexity AI

Location

San Francisco, California, United States

About

: Founded in 2022 by former members of OpenAI, Meta, Quora, Bing and Databricks, Perplexity AI is the builder of the world's first generally available conversational answer engine that draws from credible sources in real-time and directly answers users' questions with sourcing and citations. The company's mission is to give people access to concise and trustworthy information. Visit www.perplexity.ai or download from the App Store to learn more.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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