Perplexity AI is reportedly in advanced discussions to secure $500 million in new funding, which would value the AI search startup at $14 billion, according to the Wall Street Journal. Venture capital firm Accel is expected to lead the round. This follows previous reports of Perplexity exploring a raise between $500 million and $1 billion at an $18 billion valuation earlier this year.
Backed by NVIDIA, Perplexity offers AI-driven search tools that generate concise information summaries, competing with OpenAI’s ChatGPT and Google’s Gemini. The funding surge reflects continued investor interest in AI search platforms. Additionally, Apple is reportedly considering integrating Perplexity as a search option within its Safari browser, potentially expanding its user reach significantly.
