Synthetic intelligence (AI) search firm Perplexity AI has reportedly began fundraising talks, aiming to greater than double its valuation to about USD 9 billion or extra. The corporate now plans to lift round USD 500 million, although the quantity is topic to alter, CNBC reported, citing individuals acquainted with the matter. This follows a big enhance from its USD 3 billion valuation in June.
Additionally Learn: Telefonica’s Wayra Invests in AI Startup Perplexity, Indicators Industrial Settlement
Perplexity AI Fundraising Plans
Reportedly, Perplexity began the 12 months with a roughly USD 500 million valuation. Based amid the rising generative AI sector, Perplexity has accomplished three funding rounds this 12 months, attracting vital investor curiosity.
Nonetheless, the corporate faces controversy over accusations of content material scraping and plagiarism from media shops akin to The New York Instances. Regardless of these allegations, which Perplexity denies, the corporate tries to broaden its presence within the generative AI market, competing with corporations like OpenAI, the creator of ChatGPT.
Additionally Learn: SAP Expands Its Partnership with Mistral AI to Broaden Buyer Alternative
Wayra Invests in Perplexity
Not too long ago, as reported by TelecomTalk, Wayra, the company enterprise capital arm of Spain-based telecommunications firm Telefonica, introduced it has invested an undisclosed sum in Perplexity.
Wayra believes that Perplexity has a differentiated proposition that may revolutionize the way in which customers discover info on the web by permitting them to ask questions immediately and obtain clear and concise solutions from a curated set of related sources.
Telefonica additionally introduced that it has signed a worldwide industrial settlement with Perplexity to supply preferential advantages to its prospects in Brazil, the UK, and Spain, whereas exploring alternatives to broaden this partnership to different international locations.
