Key Takeaways
Nvidia is in discussions to invest in Perplexity as part of a new equity round that could value the AI search company at more than $30 billion, The Information reported on Sunday.
That would be a jump of more than 50 percent from Perplexity's roughly $20 billion valuation about a year ago, with the round itself potentially worth several billion dollars.
Perplexity's annualized revenue has climbed above $750 million, from less than $250 million at the start of the year. Perplexity declined to comment and Nvidia did not immediately respond.
Nvidia is discussing an investment in Perplexity through a new financing round that could value the AI search startup at more than $30 billion, according to a report from The Information carried by Reuters on Sunday. Nvidia would be one of several prospective investors in a round that could total several billion dollars. Nothing is confirmed as completed.
The price is the story. Perplexity raised at roughly $20 billion about a year ago, so a close above $30 billion marks a jump of more than 50 percent in twelve months. The revenue line moved faster than that. Annualized revenue is now reported above $750 million, up from under $250 million at the start of the year, as the company pushed past a search box into AI agents that carry out longer professional tasks.
Commercial ties between the two companies have been tightening, which is what makes an Nvidia check something other than ordinary venture money. The chipmaker has spent the year placing capital around the demand for its own hardware, a pattern the newsroom traced through the $500 billion financing arrangement with six Wall Street firms and again through its guarantee of up to $105 billion for OpenAI's Ohio data center. Each deal answers a demand question by financing the demand.
Perplexity declined to comment, and Nvidia did not immediately respond to a request for comment. Worth watching whether the round closes at the reported number, and whether Nvidia takes equity, a licensing arrangement, or both.
People Also Ask
What valuation is Perplexity seeking?
More than $30 billion, according to The Information, in a round that could be worth several billion dollars and includes Nvidia among prospective investors.
What was Perplexity's previous valuation?
Roughly $20 billion, set about a year ago, which makes the reported new figure an increase of more than 50 percent.
How much revenue does Perplexity make?
Annualized revenue has been reported above $750 million, up from less than $250 million at the start of 2026.
Has the Nvidia investment been confirmed?
No. The talks were reported by The Information and have not been announced. Perplexity declined to comment and Nvidia did not immediately respond.
Sources: The Information, Reuters via Investing.com, Benzinga, PYMNTS.