Nvidia In Talks To Invest In Perplexity At $30 Billion+ Valuation: Report
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Nvidia is reportedly in discussions to invest in AI search startup Perplexity as part of a funding round that would value the company at more than $30 billion. The talks come as Perplexity's annualised revenue run rate (ARR) has crossed $750 million. Nvidia weighed multiple paths before investment talks According to The Information, Nvidia had earlier considered alternative ways to work with Perplexity, including a technology licensing arrangement and hiring some of the startup's staff, before the conversation shifted toward a direct equity investment. The chipmaker is already an existing backer of Perplexity, having participated in earlier funding rounds alongside investors such as Jeff Bezos, SoftBank, Accel, and IVP. A sharp valuation jump A $30 billion-plus valuation would mark a significant jump for Perplexity, which was valued at roughly $20 billion in a funding round in September 2025 and around $23 billion in a Series E-6 round that closed in January 2026. The company's valuation has climbed rapidly since 2023, when it was valued at just over $121 million, driven by investor enthusiasm for AI-powered search and answer engines. Revenue growth behind the talks Perplexity's annual recurring revenue has reportedly crossed $750 million, a sharp rise from the roughly $450 million ARR the company had reported earlier in 2026. The San Francisco-based startup, led by CEO...
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