AI company Perplexity completes $73.6 million Series B funding at a valuation of $520 million, led by IVP

ChainCatcher news, AI startup Perplexity has completed a $73.6 million Series B funding round at a valuation of $520 million, led by IVP. Series A investors NEA, Elad Gil, Nat Friedman, and Databricks, along with new investors such as Nvidia, Jeff Bezos (through the Bezos Expeditions), Balaji Srinivasan, Guillermo Rauch, and Austen Allred also participated. Perplexity's total funding has reached $100 million.

Founded in 2019, Perplexity's CEO Aravind Srinivas interned at DeepMind, Google, and OpenAI, later serving as a research scientist at OpenAI. Perplexity's CTO Denis Yarats has worked at Facebook and Microsoft.

With Perplexity's search tool, users can instantly get reliable answers to any questions, complete with full sources and citations. There is no need to click through different links, compare answers, or endlessly dig for information. In an era where misinformation and AI hallucinations are garnering increasing attention, Perplexity's philosophy is that accuracy and transparency are prerequisites for making AI-driven search ubiquitous.