Trading
Perplexity
The Answer Engine for the Age of AI
INDUSTRY
Information Technology
STATUS
Trading
OPEN TO
Public
Investment Highlights
Perplexity is disrupting the global search engine market with its transparent, citation-forward conversational answer engine that directly challenges traditional search paradigms.
The enterprise demonstrates exceptional commercial trajectory, expanding its 2025 revenue by 380% to US$120 million and reaching a recent US$450 million annualised revenue run rate.
Backed by a premier roster of institutional and technology leaders, the firm has raised US$1.7 billion in total capital, securing a US$20.4 billion valuation.
High-value enterprise adoption and cross-platform integrations, including a US$400 million partnership with Snap, provide a robust multi-channel growth foundation.
Company Overview
Perplexity is an artificial intelligence-focused technology company that builds an advanced conversational answer engine to deliver direct, accurate responses with integrated inline citations. Founded in 2022 and located in San Francisco, California, the platform utilises large language models paired with real-time web search capabilities to serve consumers and corporate research teams. Unlike traditional search models, Perplexity prioritises data inspectability and transparency, enabling users to instantly verify information sources while expanding its capabilities into automated enterprise workflows.
Previous Funding
Perplexity completed its landmark Series E funding round and extensions in late 2025, raising its total capital to US$1.7 billion and securing a company valuation of US$20.4 billion.
SELECT LEAD INVESTORS | |
|---|---|
Elad Gil | Seed |
New Enterprise Associates | Series A |
IVP | Series B |
Daniel Gross, Softbank | Series C |
Softbank | Strategic |
Accel, Nvidia | Series E |
Products & Services
Perplexity Answer Engine: A conversational web and mobile application that runs real-time web searches to deliver summarized text answers with linked citations.
Perplexity Pro: A premium subscription tier providing advanced users with deeper access to high-performance language models and a dedicated research mode.
Perplexity Enterprise Pro: A business-grade solution designed to analyse and query natural-language questions across both public web networks and ingested internal corporate data.
Perplexity Comet: A chromium-based internet browser featuring an integrated virtual assistant for on-page querying and automated workflow execution.
Perplexity Sonar Application Programming Interface: A developer-focused tool providing conversational answers supported by evidence streams and customizable data sources.
Perplexity Patents: A specialised legal research tool designed to retrieve relevant intellectual property records from natural-language inputs.
OTHER KEY FACTS | |
|---|---|
Last Round Valuation (2025) | US$20.4 Billion |
Total Capital Raised | US$1.7 Billion |
2023 Revenue | US$5 Million |
2024 Revenue (% growth) | US$25 Million (400%) |
2025 Revenue (% growth) | US$120 Million (380%) |
Employees | 1,500 |
Founded | 2022 |
Headquarters | San Francisco, CA, USA |
Website |
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