Perplexity declined to comment. The Financial Times previously reported some details of the deal.
Founded in 2022, Perplexity has emerged as one of the most prominent companies using generative AI to rethink core internet services. Last year, the startup tripled its valuation from US$1 billion to US$3 billion and then tripled it again several months later.
In March, Bloomberg News reported that Perplexity was looking to raise as much as US$1 billion at a valuation of US$18 billion, including the amount raised in the round, before moving forward with a smaller investment at a US$14 billion value. The new cash infusion brings Perplexity back to its original valuation target.
