Perplexity AI raises $73.6M series B, Bezos in
Valuation at $520M, a 39-person team
Hey, my friends, today’s trending signal is Perplexity AI, a 39-person AI startup valued at $520 million, which has raised 73.6 million series B.
Some Facts:
Perplexity AI, a startup focusing on AI-powered search, has raised $73.6 million in a funding round led by IVP, valuing the company at $520 million post-money.
Other investors include NEA, Databricks Ventures, Nvidia、Elad Gil, Shopify CEO Tobi Lutke, ex-GitHub CEO Nat Friedman, Vercel founder Guillermo Rauch, and Amazon founder Jeff Bezos.
Perplexity AI was founded in August 2022 and has already gained significant traction, with an annual recurring revenue(ARR) between $5 million and $10 million.
The startup claims to have ten million active monthly users and has raised over $100 million to date.
Perplexity AI has a team of only 39 people.
Some Insights:
Perplexity AI is trying to carve out a niche in the search engine market by delivering a superior experience, despite the dominance of giants like Google.
The company's business model is not without challenges, including high costs to run AI models and potential copyright issues related to web scraping practices.
Despite these challenges, investors remain optimistic about the potential of AI in transforming the search experience, as evidenced by the significant funding Perplexity AI has received.
1M ARR Club (Data provided by arr.club)
2.Chatbase nearing $3M ARR in a skyrocket-growing
Chatbase is an AI chatbot builder that allows companies and other users to create their chatbot trained on their specific data.
It has already surpassed $228K MRR, which means its ARR is nearing $3M.
The goal for 2023 was just $10K MRR, 2024 for $1M ARR.
It passed $1.25M in lifetime sales in Nov 2023. Now Chatbase has 6 Full-time employees, and no fundraising.