Perplexity has reportedly closed a $500M funding round

Date:

Share post:


AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion.

Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment.

The mammoth tranche comes as the competition in AI-powered search heats up. OpenAI recently launched ChatGPT Search, its answer to Perplexity. And Google is developing capabilities to rival some of what Perplexity offers, including AI-generated summaries and answers on search results pages.

This week, The Information reported that Google is planning to take a more aggressive move, potentially building a chatbot-like “AI mode” directly into Google Search.

Perplexity isn’t resting on its laurels — even as it battles a class action lawsuit over alleged copyright infringement. On Wednesday, the company made its first acquisition, snatching up a startup, Carbon, specializing in connecting AI systems to external data sources.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

How automotive exec Crystal Brown founded CircNova, an AI drug discovery biotech

Tiny Michigan biotech startup CircNova has raised a $3.3 million seed round for its technology that uses...

Apply to Speak at TechCrunch Sessions: AI before the deadline

AI Innovators, seize your moment! Have insights that could inspire 1,200 AI founders, investors, and enthusiasts eager...

Three reasons every founder and VC should be at TechCrunch All Stage 2025

From idea to IPO — where are you on your startup journey? Are you a pre-seed founder seeking...

OpenAI rolls out its AI agent, Operator, in several countries

OpenAI said on Friday that it is rolling out Operator, its so-called AI agent that can perform...

Rivian will launch hands-off highway driver assist ‘in a few weeks’

Rivian said Thursday it plans to launch a hands-off version of its driver assistance system for highway...

Solar crushed 2024, but emissions were up as industry used more natural gas

The U.S. invested a record-breaking $338 billion in the energy transition last year, according to a new...

6 new tech unicorns were minted in January 2025

Despite a still tight venture capital market, new unicorns are still being created every month. Using data from...

Rivian inches closer to profitability but warns ‘changes to government policies’ could hurt

Rivian’s cost–cutting measures have gotten it a lot closer to profitability, but the company is warning that...