Perplexity eyes USD 500 million raise

Perplexity is in advanced talks to raise USD 500 million in a round led by Accel, which would lift its valuation to USD 14 billion, up from USD 9 billion in November 2024. The deal highlights growing investor interest in generative AI startups aiming to challenge Google’s dominance in search. Perplexity is also developing an “agentic search” browser called Comet.