Perplexity

Perplexity

AI powered answer engine using LLM to provide real time responses to user queries

Founded

2022

Headquarters

San Francisco (United States)

Status

Series C

Company Details

Website

Socials

Email

Phone

+1-5102700840

Perplexity AI is a cutting-edge AI startup that has rapidly gained prominence in the tech industry. Founded in 2022 by Aravind Srinivas, Andy Konwinski, Denis Yarats, and Johnny Ho, the company is headquartered in San Francisco, California. Perplexity AI operates as a conversational search engine, utilizing large language models (LLMs) to provide users with direct, sourced responses to queries in natural language.

Business Model

Perplexity AI employs a freemium business model, offering both free and paid services:

  • Free Plan: Uses a standalone LLM based on GPT-3.5, providing personalized search results with inline citations. Users can generate customizable web pages and research presentations.

  • Perplexity Pro: Offers access to an API, allows searching internal files and web content, and supports uploading and analyzing local files, including images. It also includes access to advanced LLMs like GPT-4 and image generation capabilities.

Products and Services

  • Conversational Search Engine: Provides real-time web searches, synthesizing information into natural language responses with citations.

  • Document Importation: Allows users to import documents for reference.

  • Image Generation: Supports AI-based image generation through tools like DALL-E and Stable Diffusion.

  • Shopping Hub: Launched in November 2024, this feature provides product cards in response to shopping-related queries, backed by Amazon and Nvidia.

Mission

Perplexity AI aims to revolutionize how people interact with information by providing a cutting-edge AI-chat-based conversational search engine. The mission is to empower individuals and businesses with tools for quick and efficient access to information, enhancing productivity and decision-making.

Key People

Aravind Srinivas

Andy Konwinski

Denis Yarats

Johnny Ho

Key Metrics

Total Equity Funding

$915Million

No. of Funding Rounds

7

Latest Funding Round

$500.0Million, Series C

as of December 18, 2024

Post Money Valuation

$9 billion

as of December 24, 2019

Funding Multiple

70.87

as of August 1, 2022

Investors

IVP

and 9 more

Employee Count

510

Similar Companies

ShopOS

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
December 18, 2024Series C$500.0Million--- SoftBank, NVIDIA
October 15, 2024Series CUndisclosed--- Wayra
August 9, 2024Series C$250.0Million---SoftBank Vision Fund, Wayra , NVIDIA
April 23, 2024Series C$63.0Million--- IVP, New Enterprise Associates, NVIDIA, Laude Capital, Latham & Watkins
January 4, 2024 Series B$73.6Million---IVP, New Enterprise Associates, Bessemer Venture Partners, Kindred Ventures, Factorial Funds ,NVIDIA, Databricks
October 24, 2023 Series AUndisclosed--- IVP
March 28, 2023Series A$28.8Million---New Enterprise Associates

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