According to Odaily, artificial intelligence startup Perplexity AI is on the verge of completing a significant $500 million funding round. This latest investment is anticipated to elevate the company's valuation to approximately $9 billion. Institutional Venture Partners (IVP) is leading this funding round, and as part of the agreement, IVP will appoint a senior executive to join Perplexity's board of directors.
In January, Perplexity AI successfully secured $73.6 million in a Series B funding round, which valued the company at around $520 million at that time. This substantial increase in valuation highlights the rapid growth and potential of Perplexity AI in the competitive AI industry. The involvement of IVP, a prominent venture capital firm, underscores the confidence investors have in Perplexity's future prospects and its innovative approach to artificial intelligence solutions.