Artificial intelligence search engine Perplexity has jumped to a valuation of $18bn two months after raising money at a $14bn price tag, as investors push for access to the hottest AI start-ups.
Perplexity has already raised new investment five times over the past 18 months, surging from a valuation of about $500mn at the beginning of 2024 to $14bn in May.
It sought an $18bn valuation in the May funding round but faced resistance from investors. But after the round closed, new investors approached the company and were told they could purchase equity at an $18bn valuation, said two people with direct knowledge of the situation.
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