AI
Key Metrics
Valuation
~$23B
As of Sep 4, 2026EstimatedValue Add Pulse research
Rumored$30B · Sep 4, 2026 · Value Add Pulse research
ARR
~$750M (as of Aug. 2026, up from ~$232M end of 2025)
Total funding
$1.5B+
As of Sep 4, 2026Value Add Pulse research
Company Snapshot
Perplexity is a AI infra company, based in San Francisco, CA, founded 2022. Latest valuation ~$23B (As of Sep 4, 2026, Value Add Pulse research). Total funding $1.5B+ (As of Sep 4, 2026).
Recent changes
- Sep 4, 2026Sep 4, 2026First reported total funding: $1.5B+ Value Add Pulse enrichment
- Sep 4, 2026Sep 4, 2026Valuation rose from ~$23B (Nvidia talks at $30B+) to ~$23BEstimated Value Add Pulse enrichment
- Aug 24, 2026Aug 24, 2026Nvidia Invests in Power Firm, Preps Perplexity Deal Pulse story
- Aug 24, 2026Aug 24, 2026Nvidia Weighs Perplexity Investment Above $30B Pulse story
- Aug 2026Aug 2026First reported run rate: ~$750M annualized (Aug 2026, up from ~$232M end of 2025)Estimated Value Add Pulse enrichment
Earlier changes (6)
- Aug 2026Aug 2026ARR rose from $450M+ to ~$750M (as of Aug. 2026, up from ~$232M end of 2025)Estimated TechCrunch — Perplexity $200M at $20B (Sept 2025)
- Jul 29, 2026Jul 29, 2026Ex-Perplexity Engineer's Polar Raises $5.7M for AI Browser Pulse story
- Mar 2026Mar 2026First reported arr: $450M+ entity-registry reconciliation
- Jan 9, 2026Jan 9, 2026Raised an undisclosed amount Series E-6 at a ~$23B valuation Value Add Pulse enrichment
- Jan 9, 2026Jan 9, 2026First reported valuation: ~$23B (Nvidia talks at $30B+)Estimated TechCrunch — Perplexity $200M at $20B (Sept 2025)
- Sep 2025Sep 2025Raised ~$200M at a ~$20B valuation Value Add Pulse enrichment
Funding History
2 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jan 9, 2026 | Series E-6 | — | ~$23B | Value Add Pulse research | |
| Sep 1, 2025 | funding round | ~$200M | ~$20B | Value Add Pulse research |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Sep 4, 2026 | ~$23B | Estimated | Value Add Pulse research |
| Jan 9, 2026 | ~$23B (Series E-6, Jan 9, 2026) | Estimated | TechCrunch — Perplexity $200M at $20B (Sept 2025) |
| Jan 9, 2026 | ~$23B (Nvidia talks at $30B+) | Estimated | TechCrunch — Perplexity $200M at $20B (Sept 2025) |
Investors
Latest Pulse
- Sep 2, 2026Perplexity Open-Sources Its On-Device AI EnginePerplexity shipped hybrid compute for its Mac app and open-sourced Lily, a local inference engine, plus Privacy Gate, an on-device classifier that screens data before it reaches the cloud.→
- Sep 1, 2026Perplexity Splits AI Tasks Between Cloud and Your MacPerplexity's Computer platform now dynamically hands off the confidential parts of an agentic task to a smaller model running locally on Apple silicon, so sensitive files never leave the device even mid-task.→
- Aug 25, 2026Perplexity, Nvidia Launch Local AI Agent, Zero TokensPerplexity and Nvidia launched Portable Computer, a fully local version of Perplexity's agent platform running on RTX GPUs or Nvidia's DGX Spark, eliminating per-token API costs for users who can supply their own hardware.→
- Aug 24, 2026Nvidia Weighs Perplexity Investment Above $30BNvidia has discussed investing in Perplexity at a valuation above $30 billion and separately considered a technology licensing arrangement with the AI search company.→
- Aug 24, 2026Nvidia Invests in Power Firm, Preps Perplexity DealNvidia has invested in a data-center power development firm while preparing a separate multibillion-dollar deal with Perplexity, layering equity, credit and licensing across its ecosystem.→
- Aug 4, 2026Perplexity Beats Amazon in Court Over AI Shopping AgentThe Ninth Circuit vacated Amazon's injunction against Perplexity's Comet shopping agent, ruling that users -- not Perplexity -- 'access' Amazon's servers under federal computer-hacking law.→
- Jul 29, 2026Ex-Perplexity Engineer's Polar Raises $5.7M for AI BrowserPolar, an AI browser startup founded by a former Perplexity engineer who worked on Comet, raised $5.7 million in seed funding led by Madrona to automate hours of repetitive browser-based knowledge work.→
Coverage Timeline
newest first- Sep 2, 2026AIPerplexity Open-Sources Its On-Device AI Engine→
- Sep 1, 2026AIPerplexity Splits AI Tasks Between Cloud and Your Mac→
- Aug 25, 2026AIPerplexity, Nvidia Launch Local AI Agent, Zero Tokens→
- Aug 24, 2026AINvidia Weighs Perplexity Investment Above $30B$30B+ valuation→
- Aug 24, 2026FUNDINGNvidia Invests in Power Firm, Preps Perplexity Deal→
- Aug 4, 2026REGULATIONPerplexity Beats Amazon in Court Over AI Shopping Agent→
- Jul 29, 2026FUNDINGEx-Perplexity Engineer's Polar Raises $5.7M for AI Browser$5.7M Seed→
All Coverage
AI
Perplexity Open-Sources Its On-Device AI Engine
Perplexity shipped hybrid compute for its Mac app and open-sourced Lily, a local inference engine, plus Privacy Gate, an on-device classifier that screens data before it reaches the cloud.
DEEP DIVE
AI
Perplexity Splits AI Tasks Between Cloud and Your Mac
AI
Perplexity Splits AI Tasks Between Cloud and Your Mac
Perplexity's Computer platform now dynamically hands off the confidential parts of an agentic task to a smaller model running locally on Apple silicon, so sensitive files never leave the device even mid-task.
DEEP DIVE
AI
Perplexity, Nvidia Launch Local AI Agent, Zero Tokens
AI
Perplexity, Nvidia Launch Local AI Agent, Zero Tokens
Perplexity and Nvidia launched Portable Computer, a fully local version of Perplexity's agent platform running on RTX GPUs or Nvidia's DGX Spark, eliminating per-token API costs for users who can supply their own hardware.
DEEP DIVE
AI
Nvidia Weighs Perplexity Investment Above $30B
AI$30B+ valuation
Nvidia Weighs Perplexity Investment Above $30B
Nvidia has discussed investing in Perplexity at a valuation above $30 billion and separately considered a technology licensing arrangement with the AI search company.
DEEP DIVE
FUNDING
Nvidia Invests in Power Firm, Preps Perplexity Deal
FUNDING
Nvidia Invests in Power Firm, Preps Perplexity Deal
Nvidia has invested in a data-center power development firm while preparing a separate multibillion-dollar deal with Perplexity, layering equity, credit and licensing across its ecosystem.
DEEP DIVE
REGULATION
Perplexity Beats Amazon in Court Over AI Shopping Agent
REGULATION
Perplexity Beats Amazon in Court Over AI Shopping Agent
The Ninth Circuit vacated Amazon's injunction against Perplexity's Comet shopping agent, ruling that users -- not Perplexity -- 'access' Amazon's servers under federal computer-hacking law.
FUNDING
Ex-Perplexity Engineer's Polar Raises $5.7M for AI Browser
FUNDING$5.7M Seed
Ex-Perplexity Engineer's Polar Raises $5.7M for AI Browser
Polar, an AI browser startup founded by a former Perplexity engineer who worked on Comet, raised $5.7 million in seed funding led by Madrona to automate hours of repetitive browser-based knowledge work.
Value Add Research
- VC & Investing · Jul 15, 2026Perplexity AI IPO — Valuation & Google Rival
- AI & Technology · Jul 9, 2026AI Search 2026 — Perplexity vs ChatGPT vs Google
- AI & Technology · Jun 30, 2026Perplexity AI: From $121M to $23B in 30 Months (2026)
- AI & Technology · Jun 21, 2026Perplexity AI: $20B, $200M ARR, Business Model
Related Companies
Trace's Take
Perplexity is the boldest bet on the list — attacking search, the best business model in tech history, against an incumbent that can copy any feature overnight. ARR more than tripling to ~$750M in eight months, largely on the back of the Computer agent product, is why Nvidia is reportedly circling a $30B+ round. The bear case writes itself (Google bundles it into Chrome for free); the bull case is that 'sourced answers' plus an agentic layer is a genuinely better product and brand loyalty in AI is realer than people think.
Sources & methodologyshow
Where these figures come from
- TechCrunch — Perplexity $200M at $20B (Sept 2025)major outlet1 fact
- Value Add Pulse researchValue Add VC data4 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.