Rethinking how the world finds answers
Perplexity is reimagining search for the age of AI — moving from conversational answers to browsers, APIs and intelligent agents, with NuVentures backing its next chapter.
(Click/Tap on a timeline entry to find out more)
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01-January-2022
A new answer to search
Aravind Srinivas, Denis Yarats, Johnny Ho and Andy Konwinski founded Perplexity with a simple but ambitious idea: replace pages of search results with direct, conversational answers backed by sources. The product launched publicly in December 2022.
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01-April-2022
Early traction validates the idea
Just months after launch, Perplexity raised $25.6M led by NEA. By February, the young product was already drawing millions of visits, signalling that conversational search could become a category of its own.
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01-January-2024
$73.6M raised at a $520M valuation
A new round led by IVP brought in investors including Nvidia, Jeff Bezos and prominent technology founders. Perplexity reported around 10M monthly active users, strengthening its position as one of the earliest serious challengers to traditional search.
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01-April-2024
Perplexity crosses the $1B mark
Only a few months later, another $62.7M round pushed Perplexity past a $1B valuation. The company was scaling rapidly across consumer search while beginning to build products for enterprise users.
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01-August-2024
$500M raised. Valuation reaches $9B.
By the end of 2024, Perplexity had closed another $500M round led by IVP, taking its reported valuation to $9B. In barely two years, an experiment in AI-powered search had become one of generative AI’s most valuable startups.
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01-August-2025
Backing a company shaping the next interface to knowledge
NuVentures invested in Perplexity through a secondary transaction, adding the AI company to its portfolio. The investment value was undisclosed.
Venk Krishnan described the investment as giving NuVentures access to the broader US AI ecosystem, while strengthening its ability to connect developments in global AI with founders and enterprise markets across India and the US. NuVentures later described Perplexity as a team operating at the intersection of AI, search and user trust.
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01-October-2025
Perplexity becomes infrastructure
The launch of Sonar, its AI search API, opened Perplexity’s underlying search technology to developers and enterprises — moving the company from being just a destination people use to technology other products could be built on.
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01-February-2026
Perplexity reaches a $14B valuation
A further funding round valued the company at around $14B, while reported discussions with companies such as Samsung highlighted the opportunity to embed Perplexity directly into devices and everyday digital experiences.
- 100 Million Monthly active users
- 780 Million Queries in a month
- 450 $ Million Annual recurring revenue, as of March 2026
- 20 $ Billion Last reported valuation
Our goal is to get our name out in the market, gain recognition, and attract good startup founders."
NuVentures backed the founders early, stayed close as the idea evolved and helped open the relationships that turned conviction into momentum.