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How much will Perplexity AI raise in its current funding round by end of 2024?
3
Resolution / Starting Odds
Less than $300M raised • 25%
$300M to $499M raised • 25%
$500M to $799M raised • 25%
$800M or more raised • 25%
Official announcements from Perplexity AI or major financial news outlets
Story
Jeff Bezos-Backed Perplexity AI in Talks to Raise $500M, Double Valuation to $8B
Oct 20, 2024, 08:45 PM
Artificial intelligence search company Perplexity AI, backed by Jeff Bezos, has initiated fundraising talks to raise approximately $500 million, aiming to more than double its valuation to $8 billion, according to the Wall Street Journal. This potential investment would mark a significant increase from its previous valuation of $3 billion just a few months ago and $520 million in January. Perplexity AI's annualized revenue has also seen substantial growth, rising to $50 million today from $10 million in March. The company, which was founded in August 2022, has already completed three funding rounds this year, with its Series A led by NEA in March at a $124 million pre-money valuation. The rapid growth and innovation in the AI sector are highlighted by this development, as startups continue to attract significant investment.
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Less than $5 billion • 25%
$5 billion to $7 billion • 25%
$7 billion to $8 billion • 25%
More than $8 billion • 25%
Raised $500 million or more • 25%
Raised between $250 million and $499 million • 25%
Raised less than $250 million • 25%
Failed to raise additional funds • 25%
$8 billion or more • 25%
$5 billion to $7.99 billion • 25%
$3 billion to $4.99 billion • 25%
Less than $3 billion • 25%
Less than $1 billion • 25%
$1 billion to $2 billion • 25%
$2 billion to $3 billion • 25%
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$9 billion or more • 25%
$6 billion to $8.9 billion • 25%
$3 billion to $5.9 billion • 25%
Less than $3 billion • 25%
$3 billion • 25%
$4 billion • 25%
$5 billion • 25%
More than $5 billion • 25%
Raises $500 million or more • 25%
Raises between $250 million and $499 million • 25%
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Fails to raise new funding • 25%
NEA • 25%
Jeff Bezos • 25%
Another existing investor • 25%
A new investor • 25%