AI search engine Perplexity is in fundraising talks and hopes to boost round $500 million at an $eight billion valuation, based on the Wall Street Journal.
If a deal occurs with these phrases, it could greater than double Perplexity’s valuation from its $three billion valuation when it raised from SoftBank over the summer time. The WSJ stories that the corporate at present receives about 15 million queries a day and brings in round $50 million in annualized income.
Perplexity makes use of AI to assist folks search the net in a chatbot-style interface. Some information publishers have accused the corporate of unauthorized net scraping and plagiarism, and The New York Times has even despatched Perplexity a cease-and-desist letter, however CEO Aravind Srinivas mentioned he needs to work with publishers and has “no interest in being anyone’s antagonist here.”
These fundraising talks come after OpenAI introduced elevating a $6.6 billion spherical at a $157 billion valuation. While merchandise like OpenAI’s ChatGPT have blurred the road between chatbot and search engine, the corporate is transferring extra instantly into search with SearchGPT.
A Perplexity spokesperson declined to touch upon the WSJ report.
