PERPLEXITY IS RAISING $250M+ AT UP TO A $3B VALUATION

Summary from the TLDR Founders newsletter

Perplexity, an AI search engine startup, is currently raising at least $250 million at a valuation between $2.5 billion and $3 billion, following two recent fundraises that saw its valuation skyrocket. The company's generative AI-based search engine provides results using a chatbot-style interface and incorporates various large language models to produce accurate and rich responses. Perplexity also offers an advanced enterprise "pro" product.