April 2024 Summaries

Perplexity announced $62.7 million in additional funding, raising its valuation above $1 billion and total funding to $165 million, alongside partnerships with SoftBank and Deutsche Telekom that could extend its reach to more than 335 million mobile and broadband customers. The company reported serving 169 million monthly queries and introduced Perplexity Enterprise Pro, a business-focused version of its AI answer engine designed to provide real-time, cited web research with enterprise controls such as data privacy protections, SOC 2 certification, single sign-on, user management, upload alerts, and seven-day query retention. Already tested by organizations including Databricks, Zoom, Stripe, HP, and the Cleveland Cavaliers, the product is being used for research, sales prospecting, market analysis, development support, and health-related content creation. Enterprise Pro starts at $40 per user per month or $400 annually, while the new investment and telecommunications alliances are intended to support the company’s consumer and enterprise expansion internationally.