Funding round
Perplexity Growth
Reported as "Growth Equity"
Perplexity, which works in AI-Powered knowledge base services in San Francisco, raised $200M in a Growth round announced on 1 Sep 2025, at a $20.00B post-money valuation. It is Perplexity's seventh venture round on record; the one before was a Series E in May 2025.
$200M
Amount raised
$20.00B
Post-money valuation
$19.80B pre-money
1.4x
Step-up from the Series E
$14.00B in May 2025
1.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Perplexity at $20.00B after the new money, 1.4 times the $14.00B of its Series E (May 2025). The $200M bought investors about 1.0% of the company. It came 4 months after Perplexity's Series E. It is 4.6% of the $4.35B Perplexity has raised in the venture rounds on record. Perplexity raised again 3 months later: a Series F round of $500M in Dec 2025, at $20.00B post-money.
Perplexity's funding rounds
Perplexity has 9 venture rounds on record. This one is highlighted.
- Seed 1 Sep 2022 $3.1M
- Series A 28 Mar 2023, led by New Enterprise Associates $26M
- Series B 4 Jan 2024, led by Institutional Venture Partners $74M$520M post-money
- Growth 23 Apr 2024 $250M$2.50B post-money
- Growth 5 Nov 2024, led by Institutional Venture Partners $500M$9.00B post-money
- Series E 14 May 2025, led by Accel $500M$14.00B post-money
- Growth this round 1 Sep 2025 $200M$20.00B post-money
- Series F 1 Dec 2025 $500M$20.00B post-money
- Growth 1 Jan 2026 $2.30B
Comparable rounds
How it compares
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 3.8 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Sep 2025 | $10.00B | $200.00B | not named |
| Property Finder Tech Companies | 9 Sep 2025 | $525M | not disclosed | Permira |
| Flightradar24 Tech Companies | 4 Sep 2025 | $439M | not disclosed | not named |
| Filevine Tech Companies | 23 Sep 2025 | $400M | $3.00B | Insight Partners and Accel |
| Tech Companies | 8 Sep 2025 | $290M | not disclosed | TPG and Jerusalem Venture Partners |
| Tech Companies | 12 Sep 2025 | $250M | not disclosed | not named |
| Tech Companies | 23 Sep 2025 | $165M | not disclosed | Battery Ventures |
| Tech Companies | 11 Sep 2025 | $135M | not disclosed | Vista Equity Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Perplexity raise in its Growth round?
Perplexity raised $200M in its Growth round, announced in Sep 2025.
What was Perplexity's valuation at the Growth round?
$20.00B post-money ($19.80B pre-money).
How does it compare with other Growth rounds in Tech Companies?
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 3.8 times the median.
Did Perplexity raise again after this round?
Yes: a Series F round in Dec 2025 of $500M at $20.00B post-money.