AI search startup Perplexity is in discussions with Nvidia for a new funding round that would value the company above $30 billion, according to a report from The Information cited by Times of India. The valuation represents an increase of more than 50 percent from Perplexity’s previous valuation, driven by annualized revenue that has surpassed $750 million.
The San Francisco-based company, led by chief executive Aravind Srinivas, previously made headlines with an unsolicited $34.5 billion bid to acquire Google’s Chrome browser — a proposal that was not pursued by Google parent Alphabet.
Perplexity operates an AI-powered search engine that provides direct answers with citations, positioning itself as an alternative to traditional search engines. The company has raised multiple rounds of funding since its founding in 2022, with investors including Jeff Bezos, Nvidia, and venture capital firms such as Institutional Venture Partners and New Enterprise Associates.
Analysis:
The reported valuation surge reflects intense investor appetite for AI applications with demonstrated revenue traction. Perplexity’s annualized revenue run rate above $750 million suggests the company has moved beyond experimental adoption into commercial viability. Nvidia’s potential participation would deepen ties between the chipmaker and a prominent AI application layer company, following Nvidia’s strategy of investing across the AI stack.
Sources:
– Times of India: “Aravind Srinivas AI company that once wanted to buy Google Chrome is now in talks with Nvidia for money” (https://timesofindia.indiatimes.com/technology/tech-news/aravind-srinivas-ai-company-that-once-wanted-to-buy-google-chrome-is-now-in-talks-with-nvidia-for-money/articleshow/133468012.cms)
– The Information (as cited by Times of India)
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Story synopsis gathered from: Times of India – Top Stories — source
