Perplexity AI's official reports or press releases

Perplexity AI Challenges Google with 250M Queries, $250M Funding, $3B Valuation

Aug 9, 2024, 03:38 PM

Perplexity, an AI search start-up, is rapidly gaining traction in the tech world, challenging Google's dominance in the search engine market. The company has experienced a seven-fold increase in monthly revenues and usage since early 2024. In July alone, Perplexity's AI search engine answered approximately 250 million queries, compared to 500 million queries for the entire year of 2023. This surge in popularity is accompanied by a recent $250 million funding round, which values the company at $3 billion, according to the Financial Times. The rise of Perplexity signifies a potential disruption in the AI landscape, as it competes with established tech giants.