Nvidia Eyes $30B+ Investment in AI Startup Perplexity
By Business Desk
Nvidia reportedly considers a significant investment in AI startup Perplexity, potentially valuing it over $30 billion, a 50%+ jump in a year.
Nvidia Corp. is reportedly considering an investment in AI startup Perplexity, potentially valuing the company at over $30 billion. This move would significantly boost Perplexity’s valuation, increasing it by more than 50% compared to its last funding round just a year ago.
Key Growth Metrics
- Perplexity’s valuation: Over $30 billion currently.
- Valuation increase: More than 50% over the past year.
- Annualized revenue: Above $750 million.
- Previous annualized revenue: Less than $250 million at the start of the year.
The substantial growth in Perplexity’s annualized revenue, climbing from under $250 million to over $750 million this year, is partly attributed to its Perplexity Computer AI agent.
Nvidia’s Prior Engagement
Nvidia, led by Jensen Huang, has previously explored licensing Perplexity’s technology and recruiting its staff. The chip giant is already an investor in the AI startup.
Perplexity’s Funding Rounds
- Total raised: Over $1.7 billion.
- Founder: Aravind Srinivas.
- Key investors: Nvidia, New Enterprise Associates, Accel, and SoftBank.
This potential investment underscores the continued interest in AI ventures and Perplexity’s rapid ascent in the market.