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Stockreport

Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say [TechCrunch]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The news comes on the heels of two other big fundraises that have seen company's valuation leapfrog in the last four months: in January the company raised nearly $74 million at a valuation of $540 million (up from $121 million in April 2023). And at the beginning of March, the company closed $56 million on a valuation of $1 billion — a raise that has been quietly public since then (it was on PitchBook's database for one), and which Bloomberg highlighted earlier today. Those two reported rounds are not the full story. We understand from multiple sources close to the company that it is actually also raising a further round to capitalize on the attention it's getting in the market. NEA and IVP, both previous backers of the company, are among those looking to invest in this larger round, according to sources. Whether they or other previous backers participate, a source said, may depend on how willing Perplexity is to work with existing investors rather than diversity, expanding its c [Read more]
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Stockreport

Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say [TechCrunch]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The news comes on the heels of two other big fundraises that have seen company's valuation leapfrog in the last four months: in January the company raised nearly $74 million at a valuation of $540 million (up from $121 million in April 2023). And at the beginning of March, the company closed $56 million on a valuation of $1 billion — a raise that has been quietly public since then (it was on PitchBook's database for one), and which Bloomberg highlighted earlier today. Those two reported rounds are not the full story. We understand from multiple sources close to the company that it is actually also raising a further round to capitalize on the attention it's getting in the market. NEA and IVP, both previous backers of the company, are among those looking to invest in this larger round, according to sources. Whether they or other previous backers participate, a source said, may depend on how willing Perplexity is to work with existing investors rather than diversity, expanding its c [Read more]
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