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Announced

Completed

IVP led a $73.6m Series B funding round in Perplexity AI.

Financials

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Transaction Value£58m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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digital services

United States

Digital Services

artificial intelligence

Minority

Venture Capital

Friendly

Acquisition

Private Equity

Cross Border

Completed

Single Bidder

Private

Synopsis

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IVP, a US-based venture capital investment firm, led a $73.6m Series B funding round in Perplexity AI, an artificial intelligence company, with participation from NEA, Elad Gil, Nat Friedman, Databricks, NVIDIA, Jeff Bezos, Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, and Kindred Ventures. "Perplexity is intensely building a product capable of bringing the power of AI to billions. The team possesses the unique ability to uphold a grand, long-term vision while shipping product relentlessly, requirements to tackle a problem as important and fundamental as search,” Cack Wilhelm, IVP General Partner.

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