Founders

San Francisco-based AI search startup Perplexity AI has finalized a $500 million funding round led by Institutional Venture Partners (IVP), boosting the company’s valuation to an impressive $9 billion.

This new round follows Perplexity’s rapid growth in 2024, where it raised its valuation from $520 million at the start of the year to $3 billion by mid-year.

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