Fundz

Perplexity Raises $73.6M Series B at $520M Valuation

PRIVATEJan 04, 2024

Round Type

Series B

DelawareArtificial IntelligenceMachine LearningNatural Language Processing

Investors

NvidiaBezos ExpeditionsAndrej KarpathyGarry TanIVP

Description

Perplexity raised $73.6 million in a Series B round led by IVP at a $520 million post-money valuation. Participants included Nvidia, Bezos Expeditions (Jeff Bezos), Tobi Lütke, Garry Tan, Andrej Karpathy, and others.

Quick answer

Perplexity raised an undisclosed amount in a Series B round, dated January 4, 2024. Investors: Nvidia, Bezos Expeditions, Andrej Karpathy, Garry Tan and IVP. Perplexity is based in Delaware, United States.

How much did Perplexity raise?
Perplexity raised an undisclosed amount in a Series B round on January 4, 2024.
Who invested in Perplexity?
Nvidia, Bezos Expeditions, Andrej Karpathy, Garry Tan and IVP are named as investors in this round.
What does Perplexity do?
Perplexity is an AI search engine startup that offers a generative AI-based search engine with a chatbot-style interface.
Where is Perplexity based and how big is it?
Perplexity is based in Delaware, United States. Fundz records about 201 employees.
Who are the decision-makers at Perplexity?
Fundz holds 5 contacts at Perplexity, including the Head of Advertising and Shopping. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Language Processing and Artificial Intelligence around the same time

Companies in the same sectors as Perplexity that raised within 45 days of this round, from Fundz verified event records.

  • Nvidia raised $2.1M (Seed) on February 2, 2024.
  • Read AI raised $21M on February 15, 2024.
  • Guardrails AI raised $7.5M (Seed) on February 15, 2024.
  • Marqo raised $19M (Series A) on February 13, 2024.
  • Magic raised $117M on February 12, 2024.
  • Vocode raised $3.3M (Seed) on February 8, 2024.

Who to call at Perplexity, and when

A new round usually means Perplexity is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Perplexity

Location

Delaware, United States

About

Perplexity is an AI search engine startup that offers a generative AI-based search engine with a chatbot-style interface. It aims to provide accurate and richer responses by incorporating a variety of language models (LLMs) including OpenAI GPT-4, Anthropic Claude Opus, Mistral, and more.

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Related People

5 contacts
Verified contactsTaz P., Head of Advertising and Shopping hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Perplexity raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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