Perplexity AI in final stages of raising $500 million round at $9 billion valuation
Summary
Perplexity AI, the artificial-intelligence search engine startup, is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC. Institutional Venture Partners, a Bay Area-based firm, is leading the new round, according to the source, who requested anonymity since the funding is not yet public. The New York Times last month sent Perplexity a "cease and desist" notice, claiming that the startup scrapes the news outlets content to generate answers. Media outlets and content platforms including Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress were among the first to join the companys "Publishers Program." Dmitry Shevelenko, Perplexitys chief business officer, told CNBC in a July interview that if three articles from one publisher were used in one answer, the partner would receive "triple the revenue share."
Funding
Review available funding amount, funding date, investors, and linked company information related to Perplexity AI in final stages of raising $500 million round at $9 billion valuation in the interactive ISVWorld profile.