## 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](https://www.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](/content/c/mistral/index.html) and [Meta](/content/c/metax/index.html) 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.