Despite concerns around the cost of running AI models and potential copyright issues, Perplexity has managed to raise over $100 million to date and claims to have ten million active monthly users. The funds will be used to expand its 39-person team and build new product functionality. The company's CEO, Aravind Srinivas, believes that Perplexity's model of knowledge acquisition and sharing will replace the need for users to sift through SEO spam, sponsored links, and multiple sources.
Key takeaways:
- Perplexity AI, a startup reinventing AI-powered search, has raised $70 million in a funding round, valuing the company at $520 million post-money.
- Unlike traditional search engines, Perplexity offers a chatbot-like interface that allows users to ask questions in natural language and responds with a summary containing source citations.
- Perplexity's platform is underpinned by an array of gen AI models developed in-house and by third parties, with features like image generation, unlimited use of Perplexity’s Copilot, and file uploads.
- Despite concerns around misuse, misinformation, and copyright issues, Perplexity has raised over $100 million to date and claims to have ten million active monthly users.