- Nvidia is in talks to invest in startup Perplexity as part of a new funding round.
- If the deal goes through, the valuation of the company developing AI-powered search and agent tools could exceed $30 billion.
- The new financing would represent an increase of more than 50% in Perplexity’s valuation compared with its previous funding round, held about a year ago.
- Perplexity's annualized revenue has surged from under $250 million at the start of 2026 to over $750 million, driven largely by growth in its AI agent product, Perplexity Computer.
- In September 2025, Perplexity completed a funding round that valued the company at $20 billion.
- At the beginning of 2026, the company entered into a $750 million agreement with Microsoft to use Azure cloud infrastructure.
- A key driver of this growth has been the launch of its AI agent product, Perplexity Computer, which targets the professional market and can autonomously execute computer tasks.
- Perplexity has previously raised more than $1.7 billion from investors including Nvidia, venture capital firms New Enterprise Associates and Accel, and SoftBank.
- In June, Aravind Srinivas stated that Perplexity plans to go public in 2028, regardless of how the market responds to the upcoming listings of Anthropic and OpenAI.
Nvidia is in discussions to invest in Perplexity, an AI search startup, as part of a new funding round that could elevate its valuation to over $30 billion. This represents a significant increase of more than 50% from its previous valuation of $20 billion in September 2025.125
The funding round is expected to raise several billion dollars, further solidifying Perplexity's position in the competitive AI market. Perplexity's annualized revenue has skyrocketed from under $250 million at the beginning of 2026 to over $750 million, largely due to the success of its AI agent product, Perplexity Computer. This product has been a key driver of the company's rapid revenue growth, targeting professionals by automating computer tasks.467

Nvidia's potential investment follows its previous consideration of licensing Perplexity's technology and recruiting its talent to enhance its own AI models. Perplexity has already raised over $1.7 billion from notable investors, including Nvidia, Jeff Bezos, and SoftBank. The company plans to go public in 2028, regardless of market conditions, indicating strong confidence in its growth trajectory.89
If the funding round is successful, it will not only boost Perplexity's valuation but also signal a warming trend in capital markets towards AI application-layer startups, as evidenced by Nvidia's recent $6 billion licensing deal with another AI startup, Poolside.
“Perplexity's annualized revenue has surged from under $250 million at the start of 2026 to over $750 million, driven by its AI agent product Perplexity Computer. The company also entered a $750 million Azure agreement with Microsoft earlier this year, and founder Aravind Srinivas has said it plans to go public in 2028.”





