Perplexity AI, an AI search engine company, has successfully raised $62.7 million in its latest funding round, escalating its valuation to $1.04 billion. The investment round was spearheaded by Daniel Gross, former AI head at Y Combinator, and saw significant contributions from prominent figures and firms like Stan Druckenmiller, NVIDIA, Jeff Bezos, Tobi Lutke, and Garry Tan, as well as Andrej Karpathy, Dylan Field, Elad Gil, Nat Friedman, Institutional Venture Partners, and New Enterprise Associates. According to the company’s CEO, Aravind Srinivas, who announced this on the social platform X, the funds are designated for broadening its consumer base and enhancing its penetration within enterprises.

The company, which was founded in 2022 in San Francisco, previously raised $74 million in January, after which it was valued at $540 million. Its recent initiatives include merging AI with chatbot technology to utilize large language models like GPT-4, Claude 3, and Mistral Large for responding to user queries. In addition, Perplexity AI has launched an enterprise product, Perplexity Enterprise Pro, which includes advanced features like SOC2 compliance, single sign-on, user management, and enhanced security measures, available for $40 monthly or $400 annually per seat.

Also Read | Ather Energy targets unicorn status as Nikhil Kamath acquires stake from Sachin Bansal

Partnerships with major telecommunication firms like Deutsche Telekom, SoftBank, and SK Telecom aim to extend its reach to over 116 million users worldwide. Among its early adopters are major companies across various sectors including Databricks, Stripe, and Zoom, utilizing the search engine for specialized needs such as market research and sales strategy enhancement.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!