Funding round
Perplexity Seed
Perplexity, which works in AI-Powered knowledge base services in San Francisco, raised $3.1M in a Seed round announced on 1 Sep 2022. It is Perplexity's first venture round on record.
$3.1M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Perplexity did not disclose a valuation in this round. It is Perplexity's first venture round on record, in the year it was founded (2022). It is under 1% of the $4.35B Perplexity has raised in the venture rounds on record. Perplexity raised again 6 months later: a Series A round of $26M in Mar 2023. Its next priced round, a Series B in Jan 2024, valued it at $520M.
Perplexity's funding rounds
Perplexity has 9 venture rounds on record. This one is highlighted.
- Seed this round 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 1 Sep 2025 $200M$20.00B post-money
- Series F 1 Dec 2025 $500M$20.00B post-money
- Growth 1 Jan 2026 $2.30B
Investors
Who put money in
0 firms took part; no lead investor was named.
Individual investors: Elad Gil, Nat Friedman, Pieter Abbeel, Yann LeCun, Andrej Karpathy, Ashish Vaswani, Amjad Masad and Clem Delangue.
Comparable rounds
How it compares
2,619 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was close to the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Sep 2022 | $34M | not disclosed | Evolution Equity Partners and Team8 |
| Tech Companies | 12 Sep 2022 | $20M | not disclosed | Felicis and Dragonfly |
| Tech Companies | 20 Sep 2022 | $19M | not disclosed | Andreessen Horowitz |
| Tech Companies | 22 Sep 2022 | $19M | not disclosed | Variant |
| Tech Companies | 15 Sep 2022 | $17M | not disclosed | Insight Partners and S Capital VC |
| Tech Companies | 13 Sep 2022 | $16M | not disclosed | Ridge Ventures and M12 |
| Tech Companies | 7 Sep 2022 | $14M | not disclosed | Madrona |
| Tech Companies | 9 Sep 2022 | $13M | not disclosed | Pantera |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Perplexity raise in its Seed round?
Perplexity raised $3.1M in its Seed round, announced in Sep 2022.
What was Perplexity's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,619 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was close to the median.
Did Perplexity raise again after this round?
Yes: a Series A round in Mar 2023 of $26M.