Perplexity raises Series B funding round

Perplexity announced a $73.6 million Series B funding round led by IVP, bringing its total funding to $100 million, with participation from existing backers and new investors including NVIDIA, Jeff Bezos, Bessemer Venture Partners, and Tobi Lütke. The company reports reaching 10 million monthly active users, processing more than 500 million queries in 2023, and surpassing one million mobile-app installations since launching its conversational answer engine a year earlier. Perplexity positions its AI-powered search platform as an alternative to conventional web search by delivering cited answers intended to emphasize accuracy and transparency amid concerns about misinformation and AI hallucinations. It also highlighted Copilot, its AI research assistant, which asks tailored follow-up questions and aims to help users obtain relevant information without requiring carefully engineered prompts, particularly serving students, academics, and knowledge workers.

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