Perplexity revenue jumps 50% in pivot to AI agents- FT By Investing.com

Investing.com -- Perplexity's revenues increased 50% in a month as the start-up ramped up its shift into AI agents from search tools, the Financial Times reported on Wednesday.

Perplexity's estimated annual recurring revenue rose to more than $450 million in March, after the launch of a new agent tool and a shift to usage-based pricing, the Financial Times reported.

Perplexity is pushing AI agents that can carry out tasks on users' behalf, as companies across the sector experiment with pricing models to reflect the higher costs of running them.

The start-up has more than 100 million monthly active users from its search and agent tools, the FT said, including tens of thousands of enterprise clients. It makes money through consumer and enterprise subscriptions, with tiers ranging from $20 to $200 monthly.

Its investors include Nvidia, SoftBank's Vision Fund 2, venture capitalists New Enterprise Associates and IVP, as well as Amazon founder Jeff Bezos and Meta Platform's former chief AI scientist Yann LeCun.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.