Get the latest tech news
TechCrunch Minute: Perplexity AI could be worth up to $3B. Here’s why
Perplexity AI is looking to raise at least $250M at a valuation between $2.5B and $3B, even after another recent fundraising round.
Perplexity AI ‘s latest, large fundraising event could be quickly superseded by another, even larger chunk of capital, TechCrunch reports. Sure at $1 billion that’s a 50x revenue multiple, but if the company is on a quick enough growth pace, investors paying up to 150x for its current ARR might not be as insane as it looks on paper, even if similarly priced bets back in the 2021-era often struggled. Perplexity, to bastardize Star Wars, could be among our key hopes to avoid merely seeing Microsoft or Alphabet add another trilly to their market cap.
Or read this on TechCrunch
