Perplexity AI, Series D

The Future of Search

Last Funded December 2024

Highlights

1
Explosive growth: 10M MAUs in 1 year, 20M revenue (April '24), predicted $58M in 2024
2
Elite founding team from DeepMind, Google, OpenAI, Quora, Databricks
3
Disruptive "answer engine" tech reimagining search market

Featured Investors

Notable Investor

NEA is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies.

nea.com

“The founding team includes CEO Aravind Srinivas, a former PhD at Berkeley who has contributed to groundbreaking AI research at Deepmind, Google, and OpenAI; CTO Denis Yarats, a former PhD at NYU, Meta AI staff research scientist and head of Quora's Ranking & ML team; Chief Strategy Officer Johnny Ho, previously at Quora and Tower Research Capital, and the former World #1 IOI 2012 and World #3 ACM-ICPC (olympiad and collegiate computer science competitions); and President Andy Konwinski, c...”

Notable Investor

Factorial Funds is a leading private investment firm with a holdings across the technology, financial services, media and consumer sectors.

factorialfunds.com

“I was a bit skeptical before I met Aravind, given how many companies had tried to disrupt Google and failed. However, when we met Aravind in early 2023, and were blown away by his focus and understanding of incentives in the search space. Aravind had a clear vision, that most of Google’s search queries were lower-value navigational and local search. The whitespace was deep Q&A search, where users were looking for answers versus spending time parsing through many links to answer one or more questions. From there, the product could expand to local search and beyond. Finally, we did some technical DD on the pplx-api and were impressed by the low latency and high accuracy. For all these reasons, a strong technical team with a clear vision, a leading product in the space, incredible product velocity and iteration, and an obsessive focus on customer experience, we decided to invest.”

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Other investors include

 Notable Notable Notable Notable Notable Notable & 32 more


Our Team

Aravind SrinivasCo-Founder & CEO
OpenAI Staff Researcher, Google Brain & DeepMind, UC Berkeley PhD
Denis YaratsOpenAI Staff Researcher, Google Brain & DeepMind, UC Berkeley PhD
Meta Al Staff Research Scientist, Head of Quora Ranking &. ML, Microsoft Bing, NYU PhD
Andy KonwinskiPresident
Cofounder and VP of Databricks, UC Berkeley PhD, Postdoc

Pitch

The following information is highly confidential and must not be shared or disclosed.

This investment opportunity is private and for accredited investors only (506b). The deal is part of Perplexity AI (Perplexity AI, Inc.) Series D. The terms are ~$9.56B post-money valuation on preferred shares with standard provisions.

Investors will invest in a Wefunder managed vehicle. Our allocation is between $5-10M, if interested in investing a larger size, we’ll be happy to check with the founders and see whether we can accommodate your investment. For any questions or additional information, please reach out to Mattia at mattia@wefunder.com.

Perplexity AI, Inc. did not participate in preparing this fundraising material. This campaign page was prepared exclusively by Wefunder Advisors LLC.




Overview