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Perplexity nears second fundraising in six months at $14bn valuation

  • Perplexity AI is negotiating a $500 million funding round led by Palo Alto-based venture firm Accel, potentially valuing it at $14 billion as of May 2025.
  • The funding talks follow rapid valuation growth from $3 billion in June 2024 to $9 billion in December 2024 amid the generative AI surge triggered by ChatGPT's launch.
  • Perplexity competes with Google and Microsoft-backed OpenAI using its AI research chatbot and plans to expand with its AI agent web browser, Comet.
  • By March 2025, Perplexity was generating close to $100 million each year from recurring revenue and has attracted investors such as Jeff Bezos and Nvidia, with an initial public offering unlikely to take place before 2028.
  • If successful, the new funding could fuel Perplexity's growth in the AI search niche but faces challenges from intensified competition and market uncertainties.
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Portfolio.hu broke the news in on Monday, May 12, 2025.
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