Former OpenAI, Meta, Quora and Bing Execs Raise $26.5M in Series A for Conversational Answer Engine Perplexity AI
In Brief
Perplexity AI provides concise, fully cited answers to user queries in real-time.
The AI-powered answer engine platform saw over 10 million monthly visits and 2 million unique visitors in February.
The new iOS app includes new features like user sign-in for personalization, persistent search history and social sharing.
Conversational AI-powered answer engine Perplexity AI has announced that it has raised $26.5 million in a Series A round led by New Enterprise Associates (NEA) with participation from Databricks Ventures.
The round was also joined by existing angel investors who are prominent figures in tech, such as Elad Gil (co-founder Mixer Labs/Color Health), Nat Friedman (former CEO of GitHub), and Bob Muglia (former CEO of Snowflake and President of Microsoft) and Paul Buchheit (creator of Gmail).
Its roster of high-profile existing investors—many of whom are pioneers in search, consumer products, and artificial intelligence—includes Yann LeCun (VP and Chief AI Scientist at Meta), Andrej Karpathy (founding member OpenAI & former Head of Tesla AI), Amjad Masad (Founder and CEO of Replit), Oriol Vinyals (VP of Research, DeepMind), and Clem Delangue (Founder, CEO of HuggingFace) among others.
Founded last year by CEO Aravind Srinivas, Denis Yarats, Johnny Ho and Andy Konwinski, Perplexity AI is yet another entrant into the AI search engine market, providing concise, fully cited answers in real-time.
The search engine generates responses based on the context of the questions posed. It pulls linked sources to provide a single answer, similar to what Neeva’s search engine and Brave’s AI summarizer do.
Perplexity AI was inspired by the founders’ academic backgrounds in scientific research and question-answering in their previous positions at OpenAI, Meta, Quora, Bing, and Databricks. The fresh funding will be used to further expand the platform and develop user sign-in, optimize the application’s knowledge database and continue protecting user privacy.
“When people search online for answers to their questions, they are presented with endless lists of links that can be manipulated by advertisers and search engine optimization. Individuals are then tasked with sifting through those websites and distilling the information, much of which may not be accurate in the first place. With Perplexity AI, we aspire to fix all of that,”
Aravind Srinivas, Co-Founder and CEO, Perplexity AI, said in a statement.
According to a press release, the company claims that it is growing about 100% month-over-month, with over 10 million monthly visits. In February alone, the platform saw over 2 million unique visitors.
Alongside the funding announcement, Perplexity AI has also launched an iOS app for the search engine, which was previously available only on the company’s website and as a Chrome extension. The new iOS app includes new features like user sign-in for personalization, persistent search history, and social sharing.
The app is now available for download in Apple’s App Store.
Read more:
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via cindy@mpost.io with press pitches, announcements and interview opportunities.
More articles
Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via cindy@mpost.io with press pitches, announcements and interview opportunities.
