Perplexity, the AI-powered search startup delivering conversational answers to queries, has secured $200 million in new funding at a $20 billion valuation, according to The Information. The raise comes just two months after the company closed $100 million at an $18 billion valuation, and brings its total financing to $1.5 billion since its founding three years ago.
Perplexity’s annual recurring revenue is nearing $200 million, reflecting rapid adoption of its AI-driven search platform. The company has positioned itself as a challenger to Google, even making a $34.5 billion bid in August for the Chrome browser amid ongoing antitrust scrutiny. The latest funding further cements Perplexity as one of the fastest-growing players in the AI search market.
