Perplexity AI Reaches $20 Billion Valuation

In September 2025, AI search startup Perplexity AI raised $200 million at a $20 billion valuation, having raised $1.5 billion in total from investors including Accel, IVP, SoftBank, NVIDIA, and Jeff Bezos.

The company grew from $63 million in annualized revenue at end-2024 to nearly $200 million ARR by September 2025, serving 45 million monthly active users and processing 780 million queries per month. It is considered the most serious alternative to Google Search.