Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Report: Perplexity Creating $50 Million Venture Fund for AI Startups | PYMNTS.com

Feb 26, 2025 - pymnts.com
Perplexity AI is reportedly establishing a $50 million venture fund aimed at U.S.-based pre-seed and seed AI startups, with the company serving as an anchor investor while most capital will come from outside limited partners. This follows a significant $500 million funding round in December, which included backers like SoftBank, Nvidia, and Jeff Bezos, tripling Perplexity’s valuation to $9 billion. Additionally, Perplexity plans to launch a web browser called Comet and has introduced an AI-powered shopping assistant named Buy With Pro.

In the broader AI investment landscape, 42% of U.S. venture capital was directed toward AI companies in 2024, reflecting a significant increase from previous years. This surge in investment is seen as fueling the "Agentic Age," characterized by transformative AI capabilities. Notably, three startups in robotics and cloud AI recently raised a combined $2.3 billion, with Figure, Lambda, and Together.ai securing substantial funding rounds to advance their AI technologies.

Key takeaways:

  • Perplexity AI is creating a $50 million venture fund for U.S.-based pre-seed and seed AI startups, with outside limited partners providing most of the capital.
  • Perplexity AI recently closed a $500 million funding round, tripling its valuation to $9 billion, with backers including SoftBank, Nvidia, and Jeff Bezos.
  • Perplexity AI plans to launch its own web browser called Comet and has introduced an AI-powered shopping assistant named Buy With Pro.
  • Increased investment in AI is leading to significant industry consolidation, with 42% of U.S. venture capital invested in AI companies in 2024.
View Full Article

Comments (0)

Be the first to comment!