erplexity AI, which reported earlier this month that is expecting a $500 million funding round, announced that successfully closed the Perplexity funding round.
So, in its fourth funding round, Perplexity AI managed to reach a company valuation of $9 billion.
According to some information, Perplexity AI company had a funding round led by the Silicon Valley venture capital firm IVP.
At the beginning of the year, the Perplexity valuation was around $520 million. After that, the AI Perplexity company was valued in April at just $1 billion followed by a $3 billion valuation after receiving an investment from SoftBank Group Vision Fund 2. Now, after just a few months and a few funding rounds, Perplexity AI has reached a valuation of $9 billion.
Even more so, the company announced besides the investment Perplexity funding round the acquisition of Carbon, which represents a small startup based in Seattle.
It should be mentioned that the newly purchased startup specializes in RAG (retrieval-augmented generation), which allows large language models to access various external databases in order to offer more accurate responses. This means that starting next year, this Carbon technology will permit AI Perplexity company to have access to files and enterprise applications like Google Docs, Notion, or Slack in order to improve productivity.
Perplexity AI represents a large language model-based engine that uses artificial intelligence technology in order to provide various information and answers to queries. Similar to other artificial intelligence-powered models, Perplexity uses different sources that can be found on the web to provide a text response.
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Based in San Francisco California, Perplexity was founded in 2022 by four co-founders, Aravind Srinivas, Andy Konwinski, Denis Yarats, and Johnny Ho. All of them have an engineering background focused more on artificial intelligence technology and models along with machine learning.
Currently, this large language model offers two plans for users, a free version along Perplexity Pro. The free plan is based only on the company’s LLM and uses GPT-3.5 to browse online data and information and provide personalized answers. Compared with the free version, the AI Perplexity Pro plan allows users to have access to an API, and it searches web content and internal files to offer the most accurate responses. It also has access to GPT-4, Claude 3.5, Grok-2, and Llama 3. Currently, Perplexity Pro costs $20 per month and for enterprises, the company offers a version priced at $40 per month.
Stay tuned to find out more about the next Perplexity funding round and to see if the company will be able to reach a higher valuation soon!
By
Eva Robinson
•
December 20, 2024 11:45 AM
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