Perplexity AI, a fast-growing search engine, is in talks to raise $1 billion at a massive valuation.
The company has over 15 million active users and $100 million ARR, making it a strong competitor to Google.
To stay ahead in the AI search race, Perplexity is expanding into new areas including a next-gen AI browser and AI-powered enterprise search engine.
Though the investors for this round are not disclosed, Perplexity securing $1 billion investment will help further their advancements in AI-powered search.