CosmicTaco

Perplexity Eyes $1B Funding at $18B Valuation

CosmicTaco · 2025-03-21T10:41:10.651994+05:30

- Perplexity, an AI-powered search startup, is reportedly in talks to raise up to $1 billion. - The new funding round is expected to value Perplexity at $18 billion, doubling its current valuation. - Bloomberg reported that Perplexity’s annual recurring revenue has reached $100 million. - Competition in the AI-powered search space is intensifying with new entries from Anthropic and Google. - Perplexity is diversifying its offerings, including launching an 'agentic' browser called Comet. Source: [TechCrunch](https://techcrunch.com/2025/03/20/perplexity-is-reportedly-in-talks-to-raise-up-to-1b-at-an-18b-valuation/)

Perplexity, an AI-powered search startup, is reportedly in talks to raise up to $1 billion.
The new funding round is expected to value Perplexity at $18 billion, doubling its current valuation.
Bloomberg reported that Perplexity’s annual recurring revenue has reached $100 million.
Competition in the AI-powered search space is intensifying with new entries from Anthropic and Google.
Perplexity is diversifying its offerings, including launching an 'agentic' browser called Comet.

Source: TechCrunch