Perplexity AI
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Investors
Founders
About
Perplexity AI is an AI-powered search engine founded in August 2022 by Aravind Srinivas, Denis Yarats, Johnny Ho, and Andy Konwinski 12. Srinivas previously held research positions at OpenAI, Google Brain, and DeepMind; Yarats was an AI research scientist at Meta; Ho was an engineer at Quora and quantitative trader at Tower Research Capital; and Konwinski was a co-founder of Databricks 2. The company launched its search engine on December 7, 2022 1. As of September 2025, Perplexity was valued at $20 billion and had raised over $1.5 billion in total funding 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Key Co-Investors | Valuation |
|---|---|---|---|---|---|
| Seed | 2022-09 | $3.1M | Elad Gil, Nat Friedman | Yann LeCun, Andrej Karpathy, Ashish Vaswani, Amjad Masad, Clem Delangue, Pieter Abbeel | Not disclosed 10 |
| Series A | 2023-03-28 | $25.6M | NEA (Peter Sonsini) | Databricks Ventures, Elad Gil, Nat Friedman, Bob Muglia, Jeff Dean, Paul Buchheit | Not disclosed 411 |
| Series B | 2024-01 | $73.6M | IVP | NVIDIA, Bezos Expeditions, Bessemer Venture Partners | $520M |
| Series C | 2024-04 | $62.7M | Daniel Gross | Jeff Bezos, NVIDIA, Stan Druckenmiller, Tobias Lutke, Garry Tan | $1B |
| Series D | 2024-12 | $500M | IVP, SoftBank | Jeff Bezos, NVIDIA | $9B |
| Series E | 2025-05-12 | $500M | Accel | — | $14B 7 |
| Extension | 2025-07-17 | $100M | Accel | NVIDIA, SoftBank Vision Fund 2, NEA, IVP | $18B 1213 |
| Round | 2025-09-10 | $200M | — | — | $20B |
What Investors Say
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What Founders Say
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Sources
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Perplexity AI, Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Perplexity_AI↩↩↩
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Entrepreneurloop, “Perplexity AI Origin Story: How Founders Built $18B Search Engine,” accessed March 2026. https://entrepreneurloop.com/perplexity-ai-origin-story-founders-journey/↩↩↩
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TechCrunch, “Perplexity reportedly raised $200M at $20B valuation,” September 10, 2025. https://techcrunch.com/2025/09/10/perplexity-reportedly-raised-200m-at-20b-valuation/↩↩
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Latham & Watkins, “Latham & Watkins Advises Perplexity.AI in US$25.6 Million Series A Financing,” March 2023. https://www.lw.com/en/news/2023/03/latham-advises-perplexityai-in-series-a-financing↩↩
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TexAu, “How Much Did Perplexity Raise? Funding & Key Investors,” accessed March 2026. https://www.texau.com/profiles/perplexity↩
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Latham & Watkins, “Latham & Watkins Advises Perplexity AI in US$62.7 Million Series C Funding Round,” April 2024. https://www.lw.com/en/news/2024/04/latham-watkins-advises-perplexity-ai-in-us62-7-million-series-b-funding-round↩
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CNBC, “Perplexity AI wrapping talks to raise $500 million at $14 billion valuation,” May 12, 2025. https://www.cnbc.com/2025/05/12/perplexity-funding-round-comet.html↩↩
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PYMNTS, “Report: Perplexity Closed $500 Million Funding Round in Early December,” December 2024. https://www.pymnts.com/news/investment-tracker/2024/report-perplexity-closed-500-million-funding-round-in-early-december/↩
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Britannica Money, “Perplexity AI | Founders, Investors, & Facts,” accessed March 2026. https://www.britannica.com/money/Perplexity-AI↩
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Perplexity AI, “Announcing Our Series A Funding Round and Mobile App Launch,” March 28, 2023 (references the prior $3.1M seed led by Elad Gil and Nat Friedman). https://www.perplexity.ai/hub/blog/announcing-our-series-a-funding-round-and-mobile-app-launch↩↩
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Benzinga / PR Newswire, “Perplexity AI Launches iOS Version of Conversational Answer Engine, Announces $25.6M Series A Round Led by NEA,” March 28, 2023. https://www.benzinga.com/pressreleases/23/03/n31525879/perplexity-ai-launches-ios-version-of-conversational-answer-engine-announces-25-6m-series-a-round-↩↩
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Bloomberg, “Aravind Srinivas’ Startup Perplexity AI Valued at $18 Billion With New Funding,” July 17, 2025. https://www.bloomberg.com/news/articles/2025-07-17/ai-startup-perplexity-valued-at-18-billion-with-new-funding↩↩
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PYMNTS, “Perplexity AI Hits $18 Billion Valuation in Latest Funding Round,” July 18, 2025. https://www.pymnts.com/artificial-intelligence-2/2025/perplexity-ai-hits-18-billion-valuation-in-latest-funding-round/↩↩