Nvidia in talks to invest in Perplexity funding round
Nvidia is in discussions to invest in AI startup Perplexity as part of a funding round valuing the company at over $30 billion.
NVDA is in discussions to invest in artificial intelligence startup Perplexity as part of a funding round valuing the company at over $30 billion.
The Details: • Valuation growth: The prospective funding round marks a 50% valuation increase from Perplexity's previous $20 billion valuation finalized last year. • Revenue expansion: Perplexity's annualized revenue climbed past $750 million from under $250 million earlier this year, boosted by its Perplexity Computer agent. • Infrastructure agreements: Perplexity previously signed a $750 million Azure cloud computing agreement with Microsoft ($MSFT). • Public listing: Chief Executive Aravind Srinivas stated the company plans to pursue an initial public offering in 2028.