Perplexity, the fast-growing AI startup backed by Nvidia, has finalized a new funding round that values the company at $20 billion, according to a report from The Information.
The company has secured $200 million in fresh commitments from investors, highlighting the accelerating demand for artificial intelligence tools and platforms.
Perplexity’s AI Browser: Comet
At the heart of Perplexity’s strategy is its AI browser, Comet, designed to perform tasks on behalf of users, providing a more interactive and intelligent browsing experience.
While Comet remains in development, Perplexity has positioned it as a key competitor to offerings from OpenAI and other major players in the AI-driven browsing space.
Competing with Tech Giants
Acquiring a browser like Google Chrome, with its more than three billion users, would have instantly boosted Perplexity’s reach. Although that deal did not materialize, Perplexity is still working to scale Comet into a viable competitor by leveraging:
- Nvidia’s AI hardware and backing
- Growing investor confidence
- Rising adoption of AI-first browsing tools
What This Means for the AI Market
The successful funding round marks an important milestone for Perplexity, signaling investor belief in its potential to reshape how users interact with the Internet.
With OpenAI reportedly developing its own AI-powered browser, Perplexity’s $20 billion valuation demonstrates the high stakes and rapid growth of the AI-powered search and browsing industry.
