Funding round
Perplexity Series F
Perplexity, which works in AI-Powered knowledge base services in San Francisco, raised $500M in a Series F round announced on 1 Dec 2025, at a $20.00B post-money valuation. 5 firms took part. It is Perplexity's eighth venture round on record; the one before was a Growth in Sep 2025.
$500M
Amount raised
$20.00B
Post-money valuation
$19.50B pre-money
5
Investors
no lead named
1.0x
Step-up from the Growth
$20.00B in Sep 2025
2.5%
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, 1.0 times the $20.00B of its Growth (Sep 2025). The $500M bought investors about 2.5% of the company. It came 3 months after Perplexity's Growth. It is 11% of the $4.35B Perplexity has raised in the venture rounds on record. Perplexity raised again 1 month later: a Growth round of $2.30B in Jan 2026.
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 1 Sep 2025 $200M$20.00B post-money
- Series F this round 1 Dec 2025 $500M$20.00B post-money
- Growth 1 Jan 2026 $2.30B
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Institutional Venture Partners backs 109 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- NVIDIA new investor
- B Capital backs 156 venture-backed companies new investor
- T. Rowe Price new investor
Comparable rounds
How it compares
21 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $190M, and this round was 2.6 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Harvey Tech Companies | 4 Dec 2025 | $160M | $8.00B | Andreessen Horowitz |
| Cyera Tech Companies | 8 Jan 2026 | $400M | $9.00B | Blackstone |
| Claroty Tech Companies | 22 Jan 2026 | $150M | $3.00B | Golub Growth |
| Tech Companies | 5 Nov 2025 | $100M | $700M | Goldman Sachs and A91 Partners |
| Uniphore Tech Companies | 22 Oct 2025 | $260M | $2.50B | NVIDIA and AMD |
| Whatnot Tech Companies | 28 Oct 2025 | $225M | $11.50B | DST Global and CapitalG |
| Anthropic Tech Companies | 2 Sep 2025 | $13.00B | $183.00B | ICONIQ and Lightspeed Venture Partners |
| Tomorrow.io Tech Companies | 18 May 2026 | $35M | not disclosed | not named |
Questions
Frequently asked
How much did Perplexity raise in its Series F round?
Perplexity raised $500M in its Series F round, announced in Dec 2025.
Which investors took part in Perplexity's Series F round?
Institutional Venture Partners, New Enterprise Associates, NVIDIA, B Capital and T. Rowe Price.
What was Perplexity's valuation at the Series F round?
$20.00B post-money ($19.50B pre-money).
How does it compare with other Series F rounds in Tech Companies?
21 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $190M, and this round was 2.6 times the median.
Did Perplexity raise again after this round?
Yes: a Growth round in Jan 2026 of $2.30B.