Perplexity, the AI search engine startup has crossed $100 million in annualised income. CEO Aravind Srinivas took to a publish on LinkedIn to announce the identical. He revealed that the corporate reached the figures 20 months after the launch of Perplexity Professional. He additionally added that Perplexity has achieved 6.3x year-over-year development regardless of being ‘extremely underneath monetised’.
Perplexity presents a free plan, together with a $20 month-to-month Professional plan with expanded entry to options. Moreover, it additionally presents an enterprise plan that prices $40 monthly per seat for firms underneath 250 workers. Perplexity additionally permits builders to combine its Sonar AI fashions with APIs.
The corporate can be reportedly in talks to boost funds between $500 million and $1 billion, valuing the corporate at $18 billion.
This doubles Perplexity’s valuation of $9 billion within the earlier funding spherical final December, after elevating $500 million. Perplexity has been backed by NVIDIA, SoftBank Group, and Amazon founder Jeff Bezos.
The corporate additionally made its in-house AI mannequin Sonar accessible to all Professional customers on the platform, together with all the opposite widespread fashions. Now, customers with the Perplexity Professional plan could make Sonar the default mannequin by way of settings.
Sonar is constructed on high of Meta’s open-source Llama 3.3 70B. It’s powered by Cerebras Inference, which claims to be the world’s quickest AI inference engine. The mannequin is able to producing 1200 tokens per second. Earlier, the mannequin was accessible by way of API for builders.
Over the previous couple of months, startups constructing AI enabled merchandise have showcased outstanding development with small member groups in fast time. Lately, Cursor, an AI enabled coding platform reached $100 million in ARR (annual recurring income) in simply 21 months since its inception. Its development from $1 million to $100 million in ARR took simply round 12 months, making it the quickest rising SaaS of all time.
Final yr, MidJourney, an AI picture generator, reached $200 million in ARR with simply 11 workers. Equally, Bolt.new, one other AI coding platform, has crossed $30 million in ARR with simply 20 workers, in just a bit over 4 months and has registered 3 million customers.
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