Perplexity Eyes $20 Billion Valuation in New Funding Round Amidst Google Chrome Bid

AI search engine startup Perplexity is reportedly in the process of securing a fresh funding round, targeting an ambitious $20 billion post-money valuation. This move comes amidst a period of rapid growth and high-profile strategic maneuvers by the company.

The sought-after valuation represents a significant jump from its most recent $18 billion valuation achieved in a July fundraising round. Perplexity, which launched in 2022, has quickly emerged as a prominent player in the AI landscape, attracting investments from major entities like SoftBank, Nvidia, and Jeff Bezos.

Adding to its assertive market presence, Perplexity recently made headlines with a $34.5 billion bid for Google’s Chrome browser earlier this week. While many observers view the bid as a strategic marketing move rather than a serious acquisition attempt, it underscores the startup’s ambition.

The company’s financial performance has also been robust, with its annual recurring revenue (ARR) surpassing $150 million by mid-2025, a more than fourfold increase from a year prior. Perplexity continues to navigate a competitive landscape, facing off against tech giants like Google and other AI leaders such as OpenAI, as it expands its offerings, including its new AI-native browser, Comet.

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