Reuters reports that insiders have revealed that artificial intelligence search startup Perplexity is in the midst of a new round of funding, expected to raise $500 million, bringing the company's valuation to $9 billion. This news indicates that investor enthusiasm for the AI sector remains high.
Perplexity, headquartered in California, is leading this round of funding with venture capital firm Institutional Venture Partners (IVP), which is also a member of Perplexity's board of directors. In January of this year, Perplexity raised $73.6 million in a Series B funding round, with the company then valued at approximately $520 million. Following the success of OpenAI's ChatGPT in the market, more investors have begun to focus on AI startups, with companies racing to adopt this technology.
After OpenAI completed a $6.6 billion funding round last month, the company's valuation could reach $157 billion, making it one of the most valuable private companies globally. Meanwhile, the launch of ChatGPT has also drawn media attention, with many publishers expressing concerns about the chatbot's ability to find information on the internet and generate paragraph summaries. Recently, media giant News Corp's publishers have sued Perplexity, accusing it of "massive illegal copying" of copyrighted content. Additionally, The New York Times has issued a "cease and desist" notice to Perplexity, demanding that it stop using the newspaper's content for generative AI-related activities.
Perplexity provides information through internet searches and currently has the support of Amazon founder Jeff Bezos and chip design company NVIDIA. As one of the leading AI companies in the market, Perplexity is working to challenge the search engine market dominated by Alphabet's Google.
The Wall Street Journal was the first to report on Perplexity's funding progress.
Key Points:
🌟 Perplexity is undergoing a new round of funding, expected to raise $500 million, with a valuation reaching $9 billion.
📈 The company was valued at $520 million in its January Series B funding round, showing rapid growth potential.
⚖️ Perplexity has recently faced multiple copyright lawsuits, with publishers accusing it of illegally using copyrighted content.
