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Perplexity Funding Rounds & Valuation History

Private Valuation & Funding Round Tracker · Perplexity

Perplexity funding rounds & valuation history

Perplexity’s funding rounds from the January 2024 Series B to the September 2025 round at $20B, and the reported talks around them, each labelled as a closed round or talks. Perplexity has announced only two of these rounds itself, so each row names the outlet that reported the figure.

Last updated: (IST). Every figure re-checked against the linked sources that day. Rows: 9 Currency: US$, nominal
⬇ Download CSV Cite this dataset Methodology & status definitions
Last closed valuation Closed
$20B
$200M round, Sep 2025 (reported)
The Information via TechCrunch; not confirmed by Perplexity.
Latest talks Talks
$30B+
Nvidia in talks, Aug 2026 (Reuters)
Jan 2024 → Sep 2025
38.5×
$20B ÷ $520M (GNF calc.)
Raised in closed rounds
$1.44B
Six closed rounds in this table, Jan 2024 to Sep 2025

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Showing 9 of 9 rows
Perplexity funding rounds and reported talks, January 2024 to August 2026
DateStatusRoundAmountLead / buyerValuationVal. ÷ run-rateSource
Reported talks
Reported talks (Nvidia investing)Amount not reported. Perplexity declined to comment. Outcome not confirmed by Perplexity or an authority outlet as of 13 Nov 2026.
—Not disclosed
Nvidia (in talks)
More than $30BPer The Information, via Reuters; pre- or post-money not stated
—Not disclosedTalks-stage or discussed figure; no multiple
Reuters citing The Information, 23 Aug 2026
Closed round
$200M funding (reported)Latest closed round in this tracker. TechCrunch: “unclear who led”. Reuters (Aug 2026) says The Information reported Perplexity “had finalized a $20 billion valuation”.
$200M“Secured $200 million in new capital” (The Information, via TechCrunch)
Not disclosed
$20BReported by The Information (via TechCrunch); Perplexity did not confirm; pre- or post-money not stated1.11× vs prior closed
—Not disclosedNo run-rate stated in the announcement
TechCrunch citing The Information and Bloomberg, 10 Sep 2025Also: Reuters citing The Information, 23 Aug 2026
Closed round
$100M extension (reported)Bloomberg reported this as an extension of the $500M round at $14B (per TechCrunch).
$100M
Not disclosed
$18BReported by Bloomberg (July 2025), per TechCrunch; Perplexity did not confirm; basis not stated1.29× vs prior closed
—Not disclosedNo run-rate stated in the announcement
TechCrunch citing The Information and Bloomberg, 10 Sep 2025
Closed round
$500M round (reported)CNBC (12 May 2025): “late-stage talks to raise $500 million at a $14 billion valuation”. Bloomberg later described it as “completed earlier this year … led by Accel” (via TechCrunch). Exact closing date not reported.
$500M
Accel
$14BReported (CNBC source; Bloomberg via TechCrunch); Perplexity did not confirm; basis not stated1.56× vs prior closed
—Not disclosedNo run-rate stated in the announcement
CNBC, 12 May 2025Also: TechCrunch citing The Information and Bloomberg, 10 Sep 2025
Reported talks
Reported talks (early)Outcome: Perplexity raised $500M at $14B in May 2025, not $18B (see that row); the $18B came with the July extension.
$500M–$1B
—Not disclosed
$18BPost-money, per CNBC’s source
—Not disclosedTalks-stage or discussed figure; no multiple
CNBC, 20 Mar 2025
Closed round
$500M round (reported)Bloomberg: closed “earlier in December” 2024 (via TechCrunch, 19 Dec). CNBC reported the round in its final stages on 5 Nov 2024.No step-up shown: the prior closed valuation is stated only as “over $1 billion”.
$500M
Institutional Venture Partners (IVP)
$9BReported (Bloomberg via TechCrunch; CNBC source); Perplexity declined to comment; basis not stated
—Not disclosedNo run-rate stated in the announcement
TechCrunch citing Bloomberg, 19 Dec 2024Also: CNBC, 5 Nov 2024
Reported talks
Reported talksTechCrunch (17 Jun 2024) still described the raise as under way.CNBC (12 May 2025) refers to a “$3 billion valuation in June 2024”. GNF did not find a full-read authority source confirming that round’s close, amount or lead, so it is not a closed row.
At least $250M
—Not disclosed
$2.5B–$3BPer TechCrunch’s sources; basis not stated
—Not disclosedTalks-stage or discussed figure; no multiple
TechCrunch, 23 Apr 2024Also: TechCrunch, 17 Jun 2024
Closed round
$62.7M roundTotal raised to date $165M (Perplexity). No step-up shown because the valuation is stated only as a floor.
$62.7M
Daniel GrossAlso: Stanley Druckenmiller, Garry Tan, Dylan Field, Brad Gerstner and others
Over $1B“doubling our total valuation to over $1 billion” (Perplexity)
—Not disclosedNo run-rate stated in the announcement
Perplexity announcement, 23 Apr 2024Also: TechCrunch, 17 Jun 2024
Closed round
Series BEarliest round in this tracker.
$73.6M
IVPAlso: NEA, Elad Gil, Nat Friedman, Databricks, NVIDIA, Jeff Bezos (Bezos Expeditions), others
$520MPost-money, per TechCrunch’s sources; Perplexity did not state a valuation
—Not disclosedNo run-rate stated in the announcement
Perplexity announcement, 4 Jan 2024Also: TechCrunch, 4 Jan 2024
“vs prior closed” = valuation ÷ the prior closed round’s valuation. No step-up where the prior valuation is a floor (“over $1B”). Reported rows name the outlet.

Valuation at each closed round

Closed rounds only. The Series B is post-money (TechCrunch sources); the April 2024 figure is Perplexity’s floor (“over $1 billion”); later valuations are press reports, basis not stated. Talks are not plotted.

Sources: Perplexity; TechCrunch; CNBC. US$ billions, linear scale.

Talks vs. closings

What was reported in talks, and what actually closed, oldest first.

  1. 4 Jan 2024 · Closed

    Series B: $73.6M led by IVP; $520M post-money (TechCrunch sources).

  2. 23 Apr 2024 · Closed

    $62.7M led by Daniel Gross; valuation “over $1 billion” (Perplexity).

  3. 23 Apr 2024 · Talks

    At least $250M at $2.5B–$3B (TechCrunch sources). Close not confirmed in sources GNF read.

  4. Dec 2024 · Closed (reported)

    $500M at $9B, led by IVP (Bloomberg via TechCrunch).

  5. 20 Mar 2025 · Talks

    $500M–$1B at $18B post-money (CNBC source).

  6. May 2025 · Closed (reported)

    $500M at $14B, led by Accel.

  7. Jul 2025 · Closed (reported)

    $100M extension at $18B (Bloomberg via TechCrunch).

  8. 10 Sep 2025 · Closed (reported)

    $200M at $20B (The Information via TechCrunch). Last closed valuation.

  9. 23 Aug 2026 · Talks

    Nvidia in talks to invest at more than $30B (The Information via Reuters).

Still private: CEO Aravind Srinivas told CNBC in June 2026 that Perplexity plans to go public in 2028 (as reported by Reuters, 23 Aug 2026). Perplexity rarely announces rounds itself; most valuations here are press reports and are labelled with the outlet that reported them.

Cite this dataset

Free to quote with a link back. Copy this citation:

Perplexity Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/perplexity/

Download the data

The same 9 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File
perplexity-rounds.csv (UTF-8, comma-separated)
Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/perplexity-rounds.csv
Columns
id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated
(IST)
⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A round Perplexity announced, or that an authority outlet reported as closed, secured or finalized. Where Perplexity did not confirm, the valuation basis names the outlet.

Reported talks

A round reported before it closed, attributed to the outlet that reported it. No multiple.

Valuation ÷ run-rate

Valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Perplexity did not state a run-rate in its two announcements; ARR figures in the press come from unnamed sources, so no multiple is shown.

What is not a separate row

Seed and Series A (2022–2023). Rounds and share classes seen only in data-vendor or certificate-of-incorporation trackers, not confirmed by Perplexity or an authority outlet (including a reported November 2026 Series F at $30B). Revenue figures and secondary-market prices.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

  • : Dataset first compiled: Series B (Jan 2024) to the Aug 2026 talks, checked against the linked sources.

Sources

  1. Reuters (via Investing.com): Nvidia discusses Perplexity investment at $30 billion-plus valuation, The Information reports, 23 Aug 2026
  2. TechCrunch: Perplexity reportedly raised $200M at $20B valuation, 10 Sep 2025
  3. CNBC: Perplexity AI wrapping talks to raise $500 million at $14 billion valuation, 12 May 2025
  4. CNBC: Perplexity AI in talks to double valuation to $18 billion, raise up to $1 billion in new funding, 20 Mar 2025
  5. TechCrunch: Perplexity has reportedly closed a $500M funding round, 19 Dec 2024
  6. CNBC: Perplexity AI in final stages of raising $500 million round at $9 billion valuation, 5 Nov 2024
  7. TechCrunch: Perplexity AI searches for users in Japan, via SoftBank deal, 17 Jun 2024
  8. Perplexity: Perplexity launches Enterprise Pro (announces $62.7M in funding), 23 Apr 2024
  9. TechCrunch: Perplexity is raising $250M+ at a $2.5B–$3B valuation for its AI search platform, sources say, 23 Apr 2024
  10. Perplexity: Perplexity raises Series B funding round, 4 Jan 2024
  11. TechCrunch: AI-powered search engine Perplexity AI, now valued at $520M, raises $73.6M, 4 Jan 2024