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Perplexity AI raises USD 63 million in new funding; launches Enterprise Pro
Foundation Models
Apr 23, 2024
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Foundation Models

Foundation Models

Apr 23, 2024

Perplexity AI raises USD 63 million in new funding; launches Enterprise Pro

Funding

  • Perplexity AI, the GenAI-powered search engine, raised USD 62.7 million in a funding round led by investor Daniel Gross, with participation from several other new investors, including Stanley Druckenmiller, Garry Tan from Y Combinator, Dylan Field, CEO of Figma Inc., as well as past backers such as Jeff Bezos and NVIDIA Corp. This brings the company's valuation to over USD 1 billion.

  • The funds will be used to assist the company’s global expansion plans and increase its user base. 

  • Perplexity has launched Enterprise Pro, a service tailored for business use with enhanced security and privacy features, priced at USD 40 per month. This service has already been integrated by major corporations such as Zoom and HP.

  • The company also partnered with telecom companies like Japan's SoftBank Corp. and Germany's Deutsche Telekom AG to extend the company’s reach by marketing Perplexity's capabilities to consumer and business customers.

  • Analyst QuickTake: This news comes just three months after the company raised USD 73.6 million in a Series B round to support its expansion plans. The move to launch a new plan and enter several partnerships signify Perplexity's intent to scale globally and reflect its capability to influence and possibly lead the future of AI-driven search technologies.

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