Nvidia investment talks push Perplexity’s valuation past $30 billion
Nvidia is in talks to make one of its boldest artificial intelligence bets yet, negotiating an investment in Perplexity that would value the AI search startup at more than $30 billion, according to reporting from The Information and confirmed by Reuters. If finalized, the Nvidia investment in Perplexity would mark a sharp jump from where the company stood just a year ago, and it would deepen a relationship between the two companies that dates back further than most people realize.
Key takeaways
- Nvidia is negotiating an investment in Perplexity at a valuation above $30 billion, more than 50 percent higher than last year’s funding round.
- Perplexity’s annualized revenue has tripled from $250 million to over $750 million, helped by its “Perplexity Computer” AI agent.
- Nvidia previously considered an acqui-hire of Perplexity’s technology and staff before shifting toward an investment deal.
- Perplexity joined Nvidia’s Nemotron Coalition in March to back open AI models as a counterweight to Chinese development efforts.
- CEO Aravind Srinivas is reportedly weighing an IPO around 2028, after the company has raised more than $1.7 billion to date.
Nvidia’s Talks to Back Perplexity at a $30 Billion-Plus Valuation
The core of the story is straightforward but significant: Nvidia is negotiating an investment in Perplexity at a price tag north of $30 billion, a figure that would represent more than a 50 percent increase from the company’s last funding round a year ago. That kind of jump, in this market, doesn’t happen without a business story to back it up.
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