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Perplexity has reportedly closed a $500M funding round


AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion.

Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. And Google is developing capabilities to rival some of what Perplexity offers, including AI-generated summaries and answers on search results pages. On Wednesday, the company made its first acquisition, snatching up a startup, Carbon, specializing in connecting AI systems to external data sources.

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