Nvidia shows interest in Perplexity as valuation hits USD 30 billion

Nvidia is reportedly interested in investing in Perplexity, whose valuation exceeds USD 30 billion.

TIONGKOK - Nvidia NVDA.O is in talks to invest in Perplexity as part of an equity funding round that would value the AI startup at more than USD 30 billion, The Information reported on Sunday (22/8), citing sources familiar with the discussions.

The funding round would increase Perplexity's valuation by more than 50% compared with its previous funding round a year ago, according to the report.

As quoted by Reuters, Perplexity's annualised revenue has risen to more than USD 750 million, from less than USD 250 million at the beginning of the year, according to the report.

Part of the revenue growth was driven by Perplexity Computer, a cloud-based AI agent used by professionals to automate various computer-based tasks, the report added, citing sources familiar with the matter.

Perplexity declined to comment on The Information's report, while Nvidia did not immediately respond to a request for comment.

The Information reported in September last year that Perplexity had finalised a valuation of USD 20 billion.

Earlier this year, Perplexity signed a USD 750 million deal with Microsoft MSFT.O to use Microsoft's Azure cloud services, Bloomberg News reported.

Perplexity plans to go public in 2028, regardless of how markets respond to the listings of Anthropic and OpenAI, Perplexity CEO Aravind Srinivas said in an interview with CNBC in June.

The startup's major backers, besides Nvidia, include Amazon founder Jeff Bezos and Japan's SoftBank Group 9984.T. (DK/ZH)