Key facts
- Nvidia is in discussions to invest in AI startup Perplexity.
- The potential investment would value Perplexity at more than $30 billion.
- This valuation represents a significant jump from Perplexity's January 2024 Series B round valuation of approximately $520 million.
- Nvidia was an earlier investor in Perplexity and has provided technical resources.
- The discussions reportedly center on a licensing agreement that would involve funding, rather than a straightforward equity investment.
Nvidia is reportedly in talks to invest in AI-powered search startup Perplexity, with the deal potentially valuing the company at over $30 billion. This reported valuation signifies a substantial increase from Perplexity's approximately $520 million valuation during its Series B funding round in January 2024.
Nvidia has a prior connection to Perplexity, having participated in its $73.6 million Series B round. Beyond capital, Nvidia has also supported Perplexity with technical resources through its NVIDIA Inception program, which offers AI startups access to hardware, software, and go-to-market assistance.
The structure of the potential deal is noteworthy, as discussions are reportedly focused on a licensing agreement that includes funding, rather than a simple equity investment. Perplexity has raised over $1.5 billion to date from notable investors, including Jeff Bezos and SoftBank Vision Fund 2. No public confirmation of a completed deal has been made by either company.