- Perplexity AI’s valuation reaches $14 billion with $500M funding.
- Accel leads the investment round involving Nvidia and SoftBank.
- Perplexity is emerging as a Google competitor in AI search.
Perplexity AI, based in San Francisco, announced on May 12 its valuation has hit $14 billion after securing $500 million in new funding led by Accel.
The funding highlights increasing investor enthusiasm in AI and positions Perplexity as a formidable competitor in the search engine space.
Perplexity AI Valuation Climbs to $14 Billion
Perplexity AI’s recent funding round, valued at $500 million, was led by Accel, a prominent Silicon Valley venture firm. The company’s valuation climbed 50% from $9 billion in November 2024. Notable backers include Nvidia and Japan’s SoftBank, indicating strong support from tech giants.
Aravind Srinivas, CEO of Perplexity AI, stated, “Perplexity’s valuation surge and $500 million funding round signal a significant shift in the AI search market.” Source: NBC Connecticut.
Industry voices have not yet publicly addressed the implications of this funding round. However, the substantial investment signals a positive market trajectory for AI technologies. Meanwhile, Perplexity remains tight-lipped about the specifics, maintaining confidentiality as the deal proceeds.
AI Funding’s Ripple Effect on Ethereum Prices
Did you know? Similar high-profile AI funding events have historically glued investor focus on emerging technology sectors, growing attention toward AI tokens, despite absent impacts on top cryptocurrencies.
Ethereum (ETH) was priced at $2,462.25 as of 20:19 UTC on May 12, 2025, with significant gains in the 7-day market of 35.74% and a 30-day rise of 49.64%. Data from CoinMarketCap showed ETH’s trading volume at $31.79 billion, reflecting a 5.06% change.
Insights from the Coincu research team suggest AI’s growing prominence will shape future technological landscapes. Continued investments will likely drive innovation, influencing adjacent sectors, though direct crypto impacts remain indirect currently.
Source: https://coincu.com/337267-perplexity-ai-500m-funding-valuation/