Perplexity revenue, valuation & funding | Sacra
Perplexity
AI-powered search tool for answering complex, multi-sentence queries with cited summaries
Revenue
$500.00M (2026)
Valuation
$20.00B (2025)
Funding
$1.22B (2025)
Growth Rate (y/y)
800% (2024)
Details
- Headquarters: San Francisco, United States
- CEO: Aravind Srinivas
- Website: perplexity.ai
Milestones
Founding Year: 2022
Overview
Revenue Data Summary
Annualized Revenue & Growth:
$500.0M
↑ 334.8%YoY
Updated: Jun 3, 2026
Revenue Metrics
| Time | Metric | Measurement |
|---|---|---|
| 2025 | Revenue growth | 4.7x YoY |
| Sep 2025 | ARR | — |
| Aug 2025 | ARR | — |
| Mar 2025 | ARR | — |
| 2024 | Revenue | — |
| Aug 2024 | Annualized revenue | — |
| Apr 2024 | ARR | — |
| Mar 2024 | Annualized revenue | — |
| Jan 2024 | Annualized revenue | — |
Valuation & Funding
Valuation Summary
$20.0B
↑ $965.3M Total Raised
Updated: Jun 3, 2026
Valuation & Funding History
| Date | Event | Valuation | Amount | Price | Status |
|---|---|---|---|---|---|
| Sep 2025 | Series E | $20.0B | $200.0M | $69.54 | Closed |
| Jul 2025 | Growth | — | — | — | Closed |
| Dec 2024 | Series D | — | — | — | Closed |
| Apr 2024 | Series C | — | — | — | Closed |
| Jan 2024 | Series B | — | — | — | Closed |
| Mar 2023 | Series A | — | — | — | Closed |
| Sep 2022 | Seed | — | — | — | Closed |
Product
Perplexity found initial product-market fit answering complex queries like "How do I provide a California employee with health insurance?" by synthesizing content using AI.
Perplexity has transitioned to using open source large language models, fine-tuning versions of Mistral and Meta to power its search summaries.
Beyond its core answer engine, Perplexity has expanded into a suite of products, such as Comet, an AI-powered browser, and Perplexity Health, which connects to personal health data.
Business Model
Perplexity operates on a tiered subscription model, including free and paid tiers with varying levels of access to features and data.
Competition
The market for AI-powered search is increasing in competition with key players including Google and Microsoft, as well as other AI startups like Anthropic and OpenAI.
News
Reddit's Copyright Lawsuit Against Perplexity AI and SerpApi Proceeds
A court rules that Reddit can pursue its copyright infringement lawsuit against Perplexity AI and SerpApi.
Perplexity Launches Numbat to Secure AI Coding Agents
Perplexity introduces Numbat, an open-source security suite for monitoring AI coding agents.
Perplexity alum launches Polar browser
A former Perplexity engineer launches an AI-first browser for knowledge workers.