Perplexity AI, which is an AI-native search engine startup, has raised $73.6 million in the Series B funding round from trusted VC firms and prominent tech visionaries. The investment was led by Institutional Venture Partners (IVP), with participation from existing investors NEA, Elad Gil, Nat Friedman, and Databricks. New investors who participated include NVIDIA, Jeff Bezos (through the Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikanth, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, and Kindred Ventures, among others.
Perplexity AI is a great alternative to ChatGPT, its AI-powered search tools provide instant and reliable answers to the user’s questions with complete sources and citations. With a normal search, which we usually do, we find the right answers by going through various websites and endlessly digging for information across the internet, but Perplexity AI is making that way of finding any information obsolete. When you search for anything through Perplexity search tools, you don’t need to go through different links and endlessly dig for information; it gives you the required information, which is searched through its artificial intelligence-powered search tools and gathered from various sources across the internet, and it provides proper sources so that you may also know the origin of that information. It does it with accuracy and transparency, making the work of the user easier and saving time.
Since its previous funding round, the startup has shown great growth and also launched the Copilot feature in its search tool, which is also a first-of-its-kind research assistant that tailors search queries with custom follow-up questions, removing the burden on the user for asking perfectly phrased questions and prompting engineering to get the right information they seek.
With this new investment, the startup will invest in the further growth of the company and technological advancements in the future and keep growing.
The company’s cofounders are Aravind Srinivas (CEO), Denis Yarats (CTO), and Johnny Ho (CSO), and it is headquartered in San Francisco, California, United States.