Perplexity closes latest funding round, valuation rises to $9 billion

Perplexity, the artificial intelligence-powered search engine, has reportedly closed its fourth round of funding this year, increasing its valuation to $9 billion as it tries to compete with offerings from Google and OpenAI. The $500 million round was led by Institutional Venture Partners, with participation from NVIDIA, New Enterprise Associates, B Capital and T Rowe Price, according to several people familiar with the matter. (Interface News)

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