Jeff Bezos-Backed AI Startup Perplexity Set To Triple Valuation To $9B in Fourth Funding Round — Can It Beat OpenAI And Google?

Quick Summary:

The AI-powered search company plans to raise $500 million, with Institutional Venture Partners leading the round, reported the Wall Street Journal, citing people familiar with the matter.

What Happened: Perplexity is finalizing a funding round that would see its valuation skyrocket to $9 billion, an increase from its valuation of $520 million at the start of the year.

AI startup Perplexity, backed by Amazon.com, Inc.founder Jeff Bezos, is set to triple its valuation in its fourth funding round this year.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: OpenAi Perplexity US38259P5089 US38259P7069 Consumer Tech Stories That Matter GOOG Jeff Bezos Valuation Media Benzinga Tech GOOGL News Google Benzinga neuro

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 04:18:56 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 351 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23441442

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