Perplexity AI, an emerging AI startup, has secured $500 million in a funding round, boosting its valuation to $9 billion. This funding round, led by Institutional Venture Partners, concluded in early December 2024. The latest funding round marks a significant increase in Perplexity’s valuation, which has tripled from $3 billion in June 2024 following an investment from SoftBank’s Vision Fund 2. Prior to that, the company was valued at $1 billion in April 2024. Founded in 2022, Perplexity specializes in providing real-time information through its AI-powered search tool, which has rapidly gained traction among users. The startup, backed by notable investors like Jeff Bezos and Nvidia, continues to innovate and expand its services. Follow us (👉@artificialintelligenceee) for everything latest from the AI world. #ai #perplexity #aistartup #aibusiness