AI startup Perplexity has finalized commitments for $200 million in new funding, giving the company a valuation of $20 billion, according to The Information. The report, citing a source familiar with the matter, has not been independently confirmed by Reuters, and Perplexity did not immediately respond to requests for comment.
Led by CEO Aravind Srinivas, Perplexity has been rapidly positioning itself as a challenger in the AI space. The company, backed by Nvidia, has developed Comet, an AI-powered browser capable of performing tasks on behalf of users.
In August, Perplexity made headlines with a bold but unsuccessful $34.5 billion unsolicited cash bid for Alphabet’s Chrome browser — an offer nearly double its current valuation. If accepted, the deal would have given Perplexity access to Chrome’s three billion users worldwide, dramatically expanding its reach and strengthening its position against competitors such as OpenAI, which is also building an AI-first browser.
The new funding round signals strong investor confidence in Perplexity’s strategy, even as the company looks to scale up amid intensifying competition in AI-driven consumer technology.