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| Image Credits: David Paul Morris / Getty Images |
Perplexity AI, a leading AI-powered search startup, is reportedly in early discussions to secure $1 billion in funding, which would value the company at an impressive $18 billion. This new round of funding would double Perplexity's current valuation of $9 billion, achieved in December 2024. The startup has seen remarkable growth, with its annual recurring revenue reaching $100 million.
As competition in the AI-powered search space intensifies, Perplexity is expanding its offerings. The company recently launched an enterprise AI search engine to help businesses retrieve information from internal documents and teased the development of an innovative browser called Comet. These advancements highlight Perplexity's commitment to staying ahead in a crowded market.
With this potential funding, Perplexity aims to solidify its position as a leader in AI-driven search technology, paving the way for further innovation and growth.