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HISTORICAL P100 / #20

Perplexity AI

AI Search · United States

Historical ranking valuation$18.0BSource snapshot: Jun 19, 2026
Financing events10
Named participants32
Captables stories1

Disclosed primary funding in this record

$165M

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

4 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-25
THE BUSINESS

Get to know Perplexity AI.

Perplexity offers a cited-answer search product, research and multi-step workflow tools, the Comet browser and an API platform. Its product page presents these as distinct ways to search, analyze and build with its AI systems.

Perplexity product overview ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

$20B (reported)Reported financing commitments · ReportedSource ↗
$18B (reported)Extension of earlier 2025 financing (reported) · ReportedSource ↗
$9BDecember 2024 financing (series label unverified) · ReportedSource ↗
More than $1BSeries B1 · ConfirmedSource ↗

Funding history

Funding rounds, debt and other financing events.

8sourced events · record as of 2026-09-25

Perplexity's own 2023 announcement identifies a $3.1M September 2022 Seed and separate $25.6M Series A. Its 2024 $73.6M Series B and $62.7M Series B1 are separate; the then-to-date $165M is not another round. Bloomberg reported a $500M December 2024 close and a distinct $100M July 2025 extension; May 2025's $500M was still being negotiated in original reporting and the September $200M was commitments, not independently verified funded proceeds. The 2026 $500M Series F claim appears in a FundBat roundup whose prior-round valuation conflicts with 2025 reporting; no issuer or named-investor announcement was found. It remains unverified. The June 2024 database entry and the exact 2025 close sequence still need review; this is not a complete legal funding ledger.

Apr 23, 202404
primary

Series B1

Daniel Gross (lead) · Stanley Druckenmiller · NVIDIA · Jeff Bezos · Garry Tan · Andrej Karpathy · Dylan Field · IVP · +1 more

Amount$62.7MValuationMore than $1B
Jan 4, 202403
primary

Series B

IVP (lead) · NVIDIA · NEA · Bessemer Venture Partners · Elad Gil · Bezos Expeditions · Nat Friedman · Databricks · +6 more

Amount$73.6MValuationUndisclosed
Unverified database leads (2)

These database claims have not been independently verified and are excluded from the sourced-event count.

Jul 13, 2026UNVERIFIED
primary

Series F

Investor participation not independently verified

AmountFundBat claims $500M; unverifiedValuationUndisclosed
Jun 27, 2024UNVERIFIED
primary

Series C

Investor participation not independently verified

Amount$250MValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

Institutional Venture Partners

December 2024 financing (series label unverified) · Dec 18, 2024 · Lead participant · primary · Reported · Reported source ↗

Daniel Gross

Series B1 · Apr 23, 2024 · Lead participant · primary · Confirmed · Confirmed source ↗

Stanley Druckenmiller

Series B1 · Apr 23, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Bessemer Venture Partners

Series B · Jan 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Bezos Expeditions

Series B · Jan 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Guillermo Rauch

Series B · Jan 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Naval Ravikant

Series B · Jan 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Balaji Srinivasan

Series B · Jan 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Kindred Ventures

Series B · Jan 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Factorial Funds

Series B · Jan 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

New Enterprise Associates (Peter Sonsini)

Series A · Mar 28, 2023 · Lead participant · primary · Confirmed · Confirmed source ↗

Susan Wojcicki

Series A · Mar 28, 2023 · Participant · primary · Confirmed · Confirmed source ↗

Paul Buchheit

Series A · Mar 28, 2023 · Participant · primary · Confirmed · Confirmed source ↗

Databricks Ventures

Series A · Mar 28, 2023 · Participant · primary · Confirmed · Confirmed source ↗

Ownership evidence

Opening ownership research…

Captables coverage

Deals / Captables

Perplexity AI's latest round: $500M Series F

Perplexity AI's latest public financing record lists $500M in its Series F dated July 13, 2026. Captables places the event in the company's disclosed funding history.

Captables Newsroom · 58d ago