Nvidia discusses Perplexity investment at $30 billion-plus valuation

Nvidia is in talks to invest in Perplexity as part of an equity funding round that would value the AI startup at more than $30 billion, The Information reported on Sunday, citing people with knowledge of the ‌discussion.

The funding ⁠round ⁠would increase Perplexity's valuation by more than 50% from its previous financing a year ago, according to the report.

Perplexity's annualized ​revenue has risen to more than $750 million from less than $250 million at the start of the ​year, the report said. Part ⁠of the ‌revenue growth has been driven by ​Perplexity Computer, ​a cloud-based AI agent used by ⁠professionals to automate computer-based tasks, the report ​added, citing people familiar with the matter.


Perplexity ​declined to comment on the Information report, while Nvidia did not immediately respond to a request for comment.

The Information reported in September last year that Perplexity had finalized a $20 billion valuation.

Earlier ‌this year, Perplexity signed a $750 million agreement with Microsoft to use its Azure cloud ​service, according ​to a Bloomberg ⁠News report.

Perplexity is planning to go public in 2028 regardless of how the market receives the listings of ​Anthropic and OpenAI, CEO Aravind Srinivas told CNBC in an interview in June.

The startup's high-profile backers, along with Nvidia, include Amazon founder Jeff Bezos and Japan's SoftBank Group.