Key Highlights
- Nvidia is negotiating to participate in a funding round for Perplexity AI at a valuation exceeding $30 billion
- This represents a valuation increase of over 50% compared to Perplexity’s funding round approximately one year ago at roughly $20 billion
- The AI startup’s annualized revenue has jumped to more than $750M from below $250M earlier this year
- A key driver of revenue expansion is Perplexity Computer, an AI-powered tool designed to automate workplace tasks
- Nvidia already holds a stake in Perplexity, alongside prominent investors including Jeff Bezos and SoftBank (SFTBY)
According to a Sunday report from The Information, Nvidia (NVDA) is engaged in discussions to either lead or join a new investment round in Perplexity AI, an emerging artificial intelligence company, at a valuation surpassing $30 billion.
Sources indicate the funding round could total several billion dollars in capital. As of now, no final agreement has been reached, and negotiations remain active.
Should the deal conclude at the suggested valuation, Perplexity would see its worth climb more than 50% above the approximately $20 billion valuation achieved during its previous funding effort about 12 months ago.
This potential investment would strengthen an already established partnership, as Nvidia currently holds an equity position in Perplexity.
The relationship between the two companies deepened in July when Perplexity announced plans to deploy Nvidia’s latest Vera CPUs for its AI agent operations, demonstrating increasing commercial collaboration.
Perplexity’s investor roster also features notable names such as Amazon (AMZN) founder Jeff Bezos and Japanese technology conglomerate SoftBank Group (SFTBY).
Annualized Revenue Triples in 2026
The AI company’s annualized revenue has soared past $750 million, a dramatic rise from the sub-$250 million figure recorded at the beginning of this year. This represents a threefold multiplication in less than a year.
A significant portion of this revenue acceleration can be attributed to Perplexity Computer, a cloud-native AI agent designed to streamline and automate routine professional computer tasks.
This offering represents Perplexity’s strategic expansion beyond its core AI search functionality into more sophisticated agent-based software solutions that manage intricate business processes.
The dramatic revenue acceleration provides strong justification for why investors are prepared to commit capital at a substantially elevated valuation compared to previous rounds.
Implications for Nvidia
For Nvidia, an additional capital injection into Perplexity would broaden its strategic presence throughout the AI software landscape, complementing its dominant position in semiconductors and hardware infrastructure.
Nvidia stock (NVDA) declined approximately 0.98% as of this writing.
The chipmaker has pursued a strategy of targeted investments in AI startups, aiming to secure influence across the entire AI technology stack—from foundational computing infrastructure through to consumer-facing applications.
Perplexity aligns well with this investment thesis as a rapidly scaling AI platform experiencing significant market traction and commercial uptake.
The Information based its reporting on individuals familiar with the ongoing discussions, though neither Nvidia nor Perplexity has issued official statements confirming the funding round or disclosing specific terms.
The most verifiable information from the report centers on Perplexity’s annualized revenue figure, which now exceeds $750 million.
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