The fervor in startup AI investment shows no sign of cooling down, with continuous reports emerging. Perplexity AI has reached the final stage of securing an additional $500 million in funding, valuing the company at $9 billion, surpassing last week’s report of $8 billion.
The soaring valuation of Perplexity AI has positioned it as a rapidly growing company. At the beginning of the year, the company was valued at approximately $520 million.
Perplexity AI’s flagship product is a data-search chatbot service. The app has been downloaded over 2 million times, with over 230 million questions asked per month. Recently, the company has faced scrutiny for unauthorized content usage by both Wall Street Journal and New York Post.
Source: The Wall Street Journal
TLDR: Perplexity AI secures $500 million in funding, valued at $9 billion, as its data-search chatbot service gains widespread popularity.
Leave a Comment