- Nvidia is in talks to join Perplexity’s next funding round at a valuation above $30 billion.
- Perplexity’s annualized revenue climbed above $750 million from less than $250 million at the start of the year.
- The deal would add Perplexity to Nvidia’s investments in its own customers.
Nvidia has started discussions to invest in Perplexity’s next funding round at a valuation of over $30 billion, according to a report from The Information.
The deal would boost the valuation of the AI search startup by more than 50% in a year. It would also provide another Nvidia-backed customer with fresh capital.
The talks surfaced on Sunday, sourced to people familiar with the discussions.
Perplexity revenue triples while its valuation climbs past $30B
The proposed round would value Perplexity at more than $30 billion, up from its $20 billion valuation last September. That is an increase of more than 50% in about a year.
Nvidia is pondering whether to join. Both Nvidia and Perplexity declined to comment or did not respond to requests for comment.
Perplexity’s investors include Amazon founder Jeff Bezos and Japan’s SoftBank Group.
The company’s annualized revenue has grown to over $750 million from less than $250 million at the beginning of the year, tripling in about eight months.
Perplexity Computer sells to professionals to automate tasks on their machines. The growing demand for AI search and autonomous agents is feeding investors’ appetite.
Perplexity is aiming to go public in 2028, a timeline CEO Aravind Srinivas detailed in a June interview. The company would move ahead regardless of how the market treats the planned listings of OpenAI and Anthropic, he said.
Regulators flag Nvidia’s habit of funding its own customers
Nvidia has invested in companies that are also its customers or suppliers. The list includes cloud providers CoreWeave and Nebius and AI data firm Mercor, which is reported to be in talks with Nvidia at a valuation of $20 billion.
Critics call the arrangement circular financing. The supplier funds the buyer, the buyer spends that money again on the supplier’s products, and demand can look stronger than it is.
In its 2026 Annual Report, the Bank for International Settlements (BIS) listed circular financing as one of the three greatest risks to global financial stability.
As Cryptopolitan has reported, the Bank of England (BOE) has warned that the speed of AI investment is unprecedented in history.
Chips are “productive, they’re long-lived, they’re fungible, they’re flexible,” CEO Jensen Huang said of the financing program. The company guarantees up to 25% of its chips’ residual value if resale falls short at the end of a
Earlier this year, Perplexity agreed to run workloads on Microsoft’s Azure for $750 million. The company inked that deal while fighting Amazon in court over shopping features in its AI tools, Cryptopolitan earlier reported.
Amazon Web Services would continue to be the company’s preferred cloud provider, a Perplexity spokesperson said at the time.
Nvidia shares fell 2.16% to $210.09 in Monday afternoon trading, down from Friday’s $214.72 close.
If you're reading this, you’re already ahead. Stay there with our newsletter.
FAQs
How much is Perplexity worth in the proposed Nvidia deal?
The equity round under discussion would value Perplexity at more than $30 billion, up from the $20 billion valuation it reached last September.
How fast is Perplexity's revenue growing?
Perplexity's annualized revenue has risen to more than $750 million from less than $250 million at the start of the year, growth attributed in part to its Perplexity Computer AI agent.
When does Perplexity plan to go public?
CEO Aravind Srinivas said in a June interview that Perplexity plans to pursue an IPO in 2028, regardless of how the planned listings of OpenAI and Anthropic perform.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Randa Moses
Randa Moses is an editor and reporter at Cryptopolitan covering tech, AI, robotics, crypto, scams, and hacks. She has worked in the crypto space since 2017. She held roles at Forward Protocol, AmaZix, and Cryptosomniac. Randa holds a degree in Electrical and Electronics Engineering from the University of Bradford.
