Nvidia, Databricks investments value generative AI search startup at $520M
Perplexity AI, a generative AI search engine startup, has raised $73.6 million in new funding from investors including Nvidia, Databricks, and Amazon founder and former CEO Jeff Bezos.
The deal values the company at $520 million and is one of the largest amounts raised by a search engine startup in recent years.
Databricks’ investment is interesting given that its competitor, Snowflake, recently acquired the technology of another generative AI search startup, Neeva, which shut down its subscription-based search engine after failing to find enough subscribers.