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AI search engine maker Perplexity raises $70 million led by IVP

Jan 04, 2024 - aibeat.co
Perplexity AI, an AI startup that aims to improve search engines, has raised $70 million in a funding round led by IVP, with participation from NEA, Databricks Ventures, and industry leaders like Nvidia and Amazon's Jeff Bezos. The company, valued at $520 million, was founded in August 2022 by AI specialists including Aravind Srinivas, who is also the CEO, Denis Yarats, Johnny Ho, and Andy Konwinski.

Perplexity's search engine operates like a chatbot, providing users with summarized answers to their queries, complete with citations. The company offers a subscription service, Perplexity Pro, for $20 per month, which allows users to generate images, use the search engine without limits, and switch between different AI models. The service also includes Perplexity’s Copilot, a feature that can answer questions with personal preferences for searches and analyze uploaded images and documents.

Key takeaways:

  • Perplexity AI, a company that aims to use generative AI for better search engines, has raised $70 million in a funding round led by IVP, with participation from NEA, Databricks Ventures, and several industry leaders including Nvidia and Amazon founder Jeff Bezos.
  • The company, which was only founded in August 2022, is now valued at $520 million post-money.
  • Perplexity's search engine operates like a chatbot, allowing users to ask questions and receive responses with summaries and citations of relevant articles and websites.
  • The company offers a subscription service, Perplexity Pro, for $20 per month. This service allows subscribers to generate images, use the search engine without limits, and switch between different AI models. It also includes Perplexity’s Copilot, a feature that can answer questions with personal preferences for searches and analyze uploaded images and documents.
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