Perplexity AI Secures $200M Funding, Reaches $20B Valuation

Artificial intelligence startup Perplexity has raised $200 million in new funding, reaching a $20 billion valuation. The company, known for its AI bot that generates clear, bulleted responses to user queries, is emerging as a competitor to Google Search. Perplexity's valuation has skyrocketed from $500 million at the start of last year to $14 billion in May. The startup recently launched an AI browser called Comet and reportedly offered $34.5 billion to buy Google Chrome. Existing backers include Nvidia, NEA, Accel, SoftBank, and Jeff Bezos.