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Market
Will Perplexity AI's valuation reach $8 billion by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Perplexity AI or reports from credible financial news outlets
Story
Jeff Bezos-Backed Perplexity AI Seeks $500 Million to Double Valuation to $8 Billion
Oct 20, 2024, 08:43 PM
Perplexity AI, an artificial intelligence search company founded in August 2022, is reportedly in fundraising talks to raise around $500 million, aiming to more than double its valuation to $8 billion, according to reports from the Wall Street Journal. This significant increase follows previous valuations of $520 million in January and $3 billion a few months ago. The company's annualized revenue has grown to approximately $50 million, up from $10 million in March. In March 2023, Perplexity AI's Series A funding was led by NEA at a $124 million pre-money valuation. The company offers an AI-based search engine and has attracted support from notable investors, including Jeff Bezos. This would be its fourth fundraising round in a year.
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