Funding round
Perplexity Series E
Perplexity, which works in AI-Powered knowledge base services in San Francisco, raised $500M in a Series E round announced on 14 May 2025, led by Accel, at a $14.00B post-money valuation. 1 firm took part. It is Perplexity's sixth venture round on record; the one before was a Growth in Nov 2024.
$500M
Amount raised
$14.00B
Post-money valuation
$13.50B pre-money
1
Investors
1 lead
1.6x
Step-up from the Growth
$9.00B in Nov 2024
3.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Perplexity at $14.00B after the new money, 1.6 times the $9.00B of its Growth (Nov 2024). The $500M bought investors about 3.6% of the company. It came 6 months after Perplexity's Growth. It is 11% of the $4.35B Perplexity has raised in the venture rounds on record. Perplexity raised again 4 months later: a Growth round of $200M in Sep 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 this round 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
Accel led the round.
Lead investor
- Accel backs 581 venture-backed companies new investor
Joined the board: Sameer Gandhi (Accel).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
41 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 2.5 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cyera Tech Companies | 11 Jun 2025 | $540M | $6.00B | Georgian and Greenoaks |
| Harvey Tech Companies | 23 Jun 2025 | $300M | $5.00B | Kleiner Perkins and Coatue |
| Ramp Tech Companies | 17 Jun 2025 | $200M | $16.00B | Founders Fund |
| Coralogix Tech Companies | 17 Jun 2025 | $115M | $1.00B | NewView Capital |
| ThreatLocker Tech Companies | 10 Apr 2025 | $60M | $1.20B | not named |
| Anthropic Tech Companies | 3 Mar 2025 | $3.50B | $61.50B | Lightspeed Venture Partners |
| Island Tech Companies | 26 Mar 2025 | $250M | $4.80B | Coatue |
| Tech Companies | 4 Mar 2025 | $126M | not disclosed | B Capital and Banc of California |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Perplexity raise in its Series E round?
Perplexity raised $500M in its Series E round, announced in May 2025.
Who led Perplexity's Series E round?
Accel led it.
What was Perplexity's valuation at the Series E round?
$14.00B post-money ($13.50B pre-money).
How does it compare with other Series E rounds in Tech Companies?
41 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 2.5 times the median.
Did Perplexity raise again after this round?
Yes: a Growth round in Sep 2025 of $200M at $20.00B post-money.